Lebanon Village

14 Queensway Ln, Spring Grove, Virginia 23881

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Message Lebanon Village

Lebanon Village is managed by TM Associates Management, Inc.

Nestled at the confluence of tranquility and serenity is the experience of living at Lebanon Village. Removed from the everyday hustle and bustle one can find themselves in. This affordable community offers 1-bedroom units.

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 656 Call for Price

Eligibility for Lebanon Village

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 Spring Grove but actual income limits may differ for units at Lebanon Village.

AMI Band 1 Person 2 Person
30% $16,850 $19,720
50% $28,100 $32,100
80% $44,950 $51,350

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 Spring Grove but actual income limits may differ for units at Lebanon Village.

AMI Band 1 Person 2 Person
Very Low Income (50%) $28,100 $32,100
Low Income (60%) $33,720 $38,520

Lebanon Village Details

  • 24 one bedroom units.
  • Garden
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing
  • Section 521 USDA Rental Assistance

Property Amenities

  • Community Room
  • Laundry Room
  • 24hr Emergency Maintenance
  • Rural Area
  • On-Site Parking

Unit Amenities

  • Air Conditioning
  • All Appliances included
  • Cable and Satellite TV
  • Window Coverings
  • Carpet
  • Hardwood Floors
  • Private Entrance

Nearby Amenities

  • Close to Downtown District
  • Close to Public Transportation
  • Near Library

Office Hours

Day Hours
Monday 8:30am-3:00pm
Tuesday 8:30am-6:30pm
Wednesday 8:30am-6:30pm
Thursday 8:30am-2:00pm
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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