Charter House

712 Asbury Rd, Wayne, West Virginia 25570

Contact Charter House

Welcome to Charter House, an apartment community for those 62 and better, handicapped, or disabled. Enjoy the comfort of a quiet, community living here in Wayne, WV!

Our spacious 1 bedroom apartment homes are thoughtfully designed with your comfort and convenience in mind. In addition to our great floor plans and maintenance free living, our community has the amenities you want and deserve. For your pleasure, our community features on-site laundry, a patio with fire pit, scheduled activities, and a location on the Wayne Express bus line. Charter House is ideally situated to give you easy access to the best of what the area has to offer. We are located a short distance from Huntington, East Lynn Lake, Beech Fork Lake, and Louisa, Kentucky. This community is available to those 62 and better and/or disabled. Rents are based on income and calculated exclusively to 30% of the household's combined adjusted income. A waiting list may apply. Full financial disclosure is required. Maximum income guidelines apply.

Call us today to make an appointment to see for yourself why Charter House should be your new home. We look forward to hearing from you!

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	543	$649

Eligibility for Charter House

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 Wayne but actual income limits may differ for units at Charter House.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$14,580	$19,720	$24,860	$30,000	$35,140	$40,150	$42,950	$45,700
50%	$24,250	$27,700	$31,150	$34,600	$37,400	$40,150	$42,950	$45,700
80%	$38,750	$44,300	$49,850	$55,350	$59,800	$64,250	$68,650	$73,100

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 Wayne but actual income limits may differ for units at Charter House.

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

Charter House Details

73 one bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.