Planters Woods Apartments

601 E Ferrell St, South Hill, Virginia 23970

Contact Planters Woods Apartments

Planters Woods offers affordable 1-bedroom and 2-bedroom apartment homes. Each unit features a fully-equipped kitchen including a refrigerator, stove, and dishwasher. Property amenities include a community room, computer lab, on-site laundry center, playground, and Neighborhood Watch program. The community is conveniently located near downtown and on the local bus line.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price
Two Bedroom One Bath (2/1)	-	Call for Price
Two Bedroom One and a Half Bath (2/1.5)	-	Call for Price

Eligibility for Planters Woods Apartments

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in South Hill but actual income limits may differ for units at Planters Woods Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
30%	$14,850	$19,720	$24,860	$30,000
50%	$24,750	$28,250	$31,800	$35,300
80%	$39,550	$45,200	$50,850	$56,500

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 South Hill but actual income limits may differ for units at Planters Woods 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

Planters Woods Apartments Details

46 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance
HOME Investment Partnerships Program

Property Amenities

Playground
Computer Lab
Community Room
Organized Activities
On-Site Laundry

Unit Amenities

Air Conditioning
Dishwasher
Refrigerator
Stove
Fully Equipped Kitchen

Nearby Amenities

Close to Downtown District
Close to Public Transportation
Near Bus Line

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.