Newport Village - VA

About This Building

Affordable Housing Option in Franklin, VA: Newport Village Location and Support: Situated in Franklin, VA, Newport Village is a Low-Income Housing Tax Credit (LIHTC) apartment complex. These rental apartments offer an affordable housing option, thanks to the support of LIHTC and the program's rent and income restrictions. The LIHTC program incentivizes builders and developers to provide housing for individuals with low income. However, it is important to note that the maximum rent is determined by the Area Median Income (AMI), which might render this apartment unaffordable for some low income individuals. Thus, it is advised to check the current rental rates to determine affordability. Apartment Details: Newport Village features a total of 48 one and two bedroom apartments, designed specifically to cater to low income individuals. However, it is worthwhile to mention that there might be waiting lists for these apartments due to their popularity and demand. Application Process: To apply for a residency at Newport Village, we encourage you to directly contact the management through the provided phone number. They will guide you through the application process and determine whether you qualify to live here. We hope that this listing aids you in exploring the possibility of residing in this affordable housing community.