New Lebanon Village II

11 Kingsway Lane, Spring Grove, Virginia 23881

Contact New Lebanon Village II

Located just outside of Surry, Lebanon Village of Spring Grove is in a great, quiet location. Restricted to the elderly (55+) and disabled residents, this property’s location, just a few miles off an inlet of the Bay, is perfect for relaxing. With Surry nearby, shopping, restaurants and groceries are never too far away. And with Smithfield just down the road, hospitals and other necessary amenities are not far away either. Lebanon Village apartments were recently renovated.

Eligibility for New Lebanon Village II

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 New Lebanon Village II.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$28,100	$32,100	$36,100	$40,100	$43,350	$46,550	$49,750	$52,950
Low Income (60%)	$33,720	$38,520	$43,320	$48,120	$52,020	$55,860	$59,700	$63,540

New Lebanon Village II Details

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

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 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.

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.