What are HOME program rent limits?
The HOME Investment Partnerships Program sets maximum rents for units in HOME-funded affordable housing. High HOME rents are the lesser of the Section 8 FMR or 30% of 65% of Area Median Income, and apply to most assisted units. Low HOME rents apply to units reserved for very low-income households (the "20 at 50" set-aside) and are based on 30% of 50% AMI.
HOME Program Rent Limits — Rockbridge County-Buena Vista city-Lexington city, VA HUD Nonmetro FMR Area
FMRs · Income Limits · LIHTC Rents
FY2026 HOME Rent Limits — Rockbridge County-Buena Vista city-Lexington city, VA HUD Nonmetro FMR Area
| Limit Type | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| High HOME Rent | $870 | $917 | $1,005 | $1,392 | $1,392 |
| Low HOME Rent | $750 | $857 | $965 | $1,071 | $1,157 |
High HOME Rent History (2-Bedroom)
| Fiscal Year | High HOME 2BR | Low HOME 2BR |
|---|---|---|
| FY2026 | $1,005 | $965 |
| FY2025 | $899 | $958 |
| FY2024 | $945 | $896 |
| FY2023 | $830 | $815 |
| FY2022 | $762 | $770 |
| FY2021 | $770 | $688 |
| FY2020 | $797 | $688 |
| FY2019 | $778 | $671 |
| FY2018 | $767 | $641 |
| FY2017 | $706 | $673 |
Related Pages
- Full FMR profile — Rockbridge County-Buena Vista city-Lexington city, VA HUD Nonmetro FMR Area
- Income limits — Rockbridge County-Buena Vista city-Lexington city, VA HUD Nonmetro FMR Area
- LIHTC maximum rents — Rockbridge County-Buena Vista city-Lexington city, VA HUD Nonmetro FMR Area
- FMR history — Rockbridge County-Buena Vista city-Lexington city, VA HUD Nonmetro FMR Area
- Section 8 eligibility calculator
- All FMR areas in VA
How HOME rents differ from FMRs and LIHTC limits
HOME rent limits apply specifically to rental units funded through the HOME Investment Partnerships Program. Unlike Section 8 Fair Market Rents (which set voucher payment standards) or LIHTC maximum rents (which apply to tax-credit properties), HOME limits cap what an owner of a HOME-assisted unit may charge. Each year HUD publishes both the High and Low HOME rents; the applicable limit depends on the unit's income targeting under the project's HOME agreement.