Twelvepole Valley Apartments

2373 Spring Valley Dr, Huntington, West Virginia 25704

Contact Twelvepole Valley Apartments

The property was an eighteen unit, USDA 515 property facing foreclosure in Wayne County. Coalfield was able to purchase the property. A total of twelve of the existing eighteen units have gone through rehabilitation, while the latter six were deconstructed and are being replaced with 8 new units. Coalfield Development, General Contractor.

Eligibility for Twelvepole Valley 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 Huntington but actual income limits may differ for units at Twelvepole Valley Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$24,250	$27,700	$31,150	$34,600	$37,400	$40,150	$42,950	$45,700
Low Income (60%)	$29,100	$33,240	$37,380	$41,520	$44,880	$48,180	$51,540	$54,840

Twelvepole Valley Apartments Details

18 bedroom units.
Low-Income Housing Tax Credit (LIHTC)
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 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.