Scenic and historic, Blacksburg, Virginia is home to a unique rental community, Cedar Crest Homes. Cedar Crest boasts modern, spacious twin homes that are nestled in an established residential neighborhood. The one, two and three bedroom rental homes have much more space than the typical apartment, with house-sized rooms and closets, along with upgraded fixtures, lighting and HVAC systems. Our residents love having individual yard areas, private off-street parking and well-maintained community spaces and show their community pride by accentuating and individualizing exterior flower beds and landscaping.
|1 Bedroom (1/1)||-||Call for Price|
|2 Bedroom (2/1)||-||Call for Price|
|3 Bedroom (3/1)||-||Call for Price|
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.
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 Blacksburg but actual income limits may differ for units at Cedar Crest III.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$27,900||$31,900||$35,900||$39,850||$43,050||$46,250||$49,450||$52,650|
|Low Income (60%)||$33,480||$38,280||$43,080||$47,820||$51,660||$55,500||$59,340||$63,180|
Cedar Crest III is managed by Community Housing Partners.