Magnolia Place

701 Church Street, Blackstone, Virginia 23824

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Units

Unit (Bd/Ba) Ft2 Rent
1 BR (1/1) 700 Call for Price

Magnolia Place Details

  • 112 one bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Community Room
  • On-Site Manager
  • Organized Activities
  • Laundry Room
  • Rural Area
  • Gazebo
  • On-Site Parking
  • Emergency Pull Cord
  • Energy Star Appliances
  • Snow Removal
  • Lawn Care
  • Coin-Operated Laundry
  • After Hours Call Service
  • Senior Meal Delivery

Unit Amenities

  • Handicapped Accessible
  • All Appliances included
  • Window Coverings
  • Carpet
  • Hardwood Floors
  • Patio, Deck Or Balcony
  • Private Entrance
  • Sewer Included
  • Water Included
  • Balconies or Patios Available
  • Bathroom Grab Bars
  • Energy Saving Windows
  • Central Heat & Air
  • Cable & Internet Ready
  • vinyl tile flooring

Nearby Amenities

  • Close to Dining
  • Close to Downtown District
  • Close to Shopping
  • Near Hospital
  • Near Library
  • Near Schools

Office Hours

Day Hours
Tuesday 7:00am-3:00pm
Thursday 7:00am-3:00pm

About Magnolia Place

Magnolia Place Apartments is an all one bedroom apartment community for the elderly and disabled in Blackstone, VA. The property has a gazebo, community room with monthly outings and is in walking distance to downtown.

Section 42 Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, monthly rent cannot exceed the Tax Credit maximum rent for the area. Households earning less than 60% of the area median income qualify for units with reduced rent. Some rental units in this property may not be subject to LIHTC and therefore may be set at levels higher than the area's LIHTC limits.

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.

Blackstone Low Income Housing Tax Credit Income Qualifications

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% $19,600 $22,400 $25,200 $27,950 $30,200 $32,450 $34,700 $36,900
60% $23,520 $26,880 $30,240 $33,540 $36,240 $38,940 $41,640 $44,280

Magnolia Place was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Magnolia Place is managed by TM Associates Management, Inc.

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