7400 Taw Street, Bellwood, VA 23237
Waiting List Forecast: Likely Short or None
Verified for 2022 by Lorena Bentley, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | - |
This project has been funded and will begin construction soon.
Planning for construction has started in 2019. Check back here periodically for updates on this exciting new project.
Market Square (formerly Market Square V) is located in North Chesterfield and offers a variety of one- and two-bedroom apartments. Located on the Winchester Greens campus, this 55 and up community is on the bus line facilitating transportation to Richmond and Chester, VA and provides attractive, convenient, affordable homes with many amenities, including community rooms and lounges with fireplaces, on-site laundry, off-street parking and landscaped courtyards. Our residents also enjoy conveniences including The Bermuda Health Care Center, banks and restaurants located next to our community. We are only a short drive from grocery stores and entertainment. Income restrictions apply. Download an application today.
Income restrictions apply. This housing was built using Low-Income Housing Tax Credits (LIHTC). Click here to understand how we calculate rents and income levels.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Market Square lV does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $37,350 / year | $42,650 / year | $48,000 / year | $53,300 / year |
| 50% AMI for PBRA Units | $37,350 / year | $42,650 / year | $48,000 / year | $53,300 / year |
| 60% AMI for LIHTC Units | $44,820 / year | $51,180 / year | $57,600 / year | $63,960 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Market Square lV have a waiting list?
Market Square lV probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Market Square lV ?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Market Square lV ?
Market Square lV is managed by Better Housing Coalition headquartered in Richmond, VA.
In addition to Market Square lV , how many other affordable housing properties (and units) are there in Chesterfield County?
In addition to Market Square lV , we list 176 other affordable properties in Chesterfield County. Learn about these properties here. Our data research shows that there are a total of 930 affordable units in Chesterfield County.
Looking for housing as soon as possible?
Applying for waiting lists with preferences that you qualify for may help shorten the wait for available housing.Linda Kenney says:
"Affordable Housing Online has great information that I pass along to other people in need."