Nestled in Virginia’s historic New River Valley between the picturesque Blue Ridge & Allegheny Mountains, Fieldstone Apartments in Blacksburg fulfills a unique niche in the Blacksburg community. With its lush landscapes and access to a range of shopping, dining, entertainment options and health care providers, our community offers a maintenance-free lifestyle that also includes a community clubhouse complete with a 24 hour fitness center, playground and walking paths. Fieldstone Apartments consists of two communities, Senior Apartments catering to those 55 and better, while also offering luxury-style Affordable Apartments in Blacksburg to those meeting median income requirements for affordable housing.
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 Fieldstone Apartments.
|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|
Fieldstone Apartments is managed by Park Properties Management.