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Planters Woods Apartments

601 E Ferrell St, South Hill, Virginia 23970

Planters Woods is now offering renovated one (1) bedroom garden-style and two (2) bedroom town home apartment homes. Each home has one (1) or one (1) and a half baths, new appliances, including stove, refrigerator, dishwasher, A/C, on-site laundry, park and much more! Planters Woods is conveniently located near downtown and on bus-line!

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Waiting List is Open Now

Last updated on February 7th, 2019

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - $319
2 Bedroom (2/1.5) - $348

Planters Woods Apartments Details

  • 46 one and two bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing
  • Section 521 USDA Rental Assistance

Property Amenities

  • On-site Laundry

Unit Amenities

  • Dishwasher
  • Refrigerator
  • Stove
  • New Appliances

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.

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.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

South Hill HUD Rental Assistance Income Qualifications

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 South Hill but actual income limits may differ for units at Planters Woods Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $12,760 $17,240 $21,720 $26,200 $30,680 $35,050 $37,450 $39,900
50% $21,150 $24,200 $27,200 $30,200 $32,650 $35,050 $37,450 $39,900
80% $33,850 $38,650 $43,500 $48,300 $52,200 $56,050 $59,900 $63,800

South Hill Low-Income Housing Tax Credit Income Limits

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 South Hill but actual income limits may differ for units at Planters Woods Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $21,150 $24,200 $27,200 $30,200 $32,650 $35,050 $37,450 $39,900
Low Income (60%) $25,380 $29,040 $32,640 $36,240 $39,180 $42,060 $44,940 $47,880

Planters Woods Apartments is managed by Community Housing Partners.

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