Blue Ridge Manor Apartments is a USDA Section 515 property located in Floyd, VA, offering rental assistance for some or all of its units. As one of the few rental housing choices in the rural community, it provides affordable housing options for individuals and families who earn 80% or less of the Area Median Income (AMI). The property also participates in USDA's Section 521 Rental Assistance program, which may provide subsidies for residents earning 50% or less of the AMI.
While Section 515 properties like Blue Ridge Manor Apartments may have smaller units and fewer amenities compared to other similar properties, they offer a valuable option for those in need of rental assistance in rural areas. The property accepts Section 8 Housing Choice Vouchers and is owned and managed by private corporate owners or nonprofits. However, due to budget constraints, the physical condition of Section 515 properties can sometimes be a challenge. Overall, Blue Ridge Manor Apartments provides an opportunity for affordable housing in a rural setting.
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