Stonegate Apartments
169 Stonegate Drive, Pennington Gap, Virginia 24277
Contact Stonegate Apartments
Stonegate Apartments is managed by The Severn Companies.
Stonegate Apartments in a beautiful 36 unit apartment community that sits on a picturesque hillside in Pennington Gap, Virginia. Our community is tucked away and quiet with manicured and landscaped grounds. It's a great neighborhood and we have ample outdoor areas for the kids to run and play including our playground.
The apartment buildings each have eight apartments with four upstairs and four downstairs. The property underwent an extensive renovation in 2005 and has updated appliances and heat and air conditioning systems.
Our appliances and windows meet Energy Star requirements helping to lower our residents utility bills.
We have several handicapped accessible units throughout the site and the entire site was made handicapped accessible in our 2005 renovation.
Come see just how beautiful living can be at Stonegate!
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 620 | Income Based |
| 2 Bedroom (2/1) | 828 | Income Based |
Eligibility for Stonegate Apartments
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Pennington Gap but actual income limits may differ for units at Stonegate Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
|---|---|---|---|---|
| Very Low Income (50%) | $24,750 | $28,250 | $31,800 | $35,300 |
| Low Income (60%) | $29,700 | $33,900 | $38,160 | $42,360 |
Stonegate Apartments Details
- 36 one and two bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
- Section 515 Rural Rental Housing
- Section 521 USDA Rental Assistance
Property Amenities
- Playground
- BBQ and Picnic Area
- Laundry Room
- 24hr Emergency Maintenance
- Rural Area
- Energy Star Appliances
- Energy Efficient Design
Unit Amenities
- Air Conditioning
- Ceiling Fan(s)
- All Appliances included
- Dishwasher
- Garbage Disposal
- Cable and Satellite TV
- Walk-in Closet(s)
- Window Coverings
- Carpet
- Patio Deck Or Balcony
- Scenic View
Nearby Amenities
- Close to Dining
- Close to Downtown District
- Close to Shopping
- Near Hospital
- Near Library
- Near Park
- Near Schools
Low-Income Housing Tax Credit (LIHTC)
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Section 515 Rural Rental Housing
This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.
Section 521 USDA Rental Assistance
The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.
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