Salem Commons

1866 Salem Commons Lane, Salem, Virginia 24153

Contact Salem Commons

Units

Unit (Bd/Ba) Ft2 Rent
Two Bedroom (2/1.5) 872 Income Based
Two Bedroom (2/2) 895 Call for Price
Three Bedroom (3/2) 1101 Call for Price

Salem Commons Details

  • 98 two and three bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Fitness Center
  • Playground
  • Clubhouse
  • Laundry Room
  • 24hr Emergency Maintenance
  • Laundry Room(s)
  • Community Swimming Pool
  • Pet Friendly

Unit Amenities

  • Washer/Dryer Hookup
  • Spacious Closets
  • Window Coverings
  • Carpet
  • Laundry Hookups
  • Energy Saving Windows
  • Fully Equipped Kitchen
  • Private Patio/Balcony

Nearby Amenities

  • Close to Shopping

About Salem Commons

Salem Commons in prestigious Salem, Virginia offers lovely, spacious and affordable two and three bedroom apartment homes in a tranquil setting. Please call our site manager for more information.

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.

Salem 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% $29,900 $34,150 $38,400 $42,650 $46,100 $49,500 $52,900 $56,300
60% $35,880 $40,980 $46,080 $51,180 $55,320 $59,400 $63,480 $67,560

Salem Commons 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.

Salem Commons is managed by Dearing Property Management.

Image of Salem Commons
Image of Salem Commons
Image of Salem Commons
Image of Salem Commons
Image of Salem Commons
Image of Salem Commons
Image of Salem Commons
Image of Salem Commons
Image of Salem Commons
Image of Salem Commons
Image of Salem Commons
Image of Salem Commons
Image of Salem Commons
Image of Salem Commons
Image of Salem Commons
Image of Salem Commons
Image of Salem Commons
Image of Salem Commons
Image of Salem Commons