400 Oakview Ave, Bristol, VA 24201
Waiting List Forecast: Likely Short or None
Verified for 2023 by Lorena Bentley, Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $471 - 542 per Month† | 2 - 3 Beds | 1.5 - 2 Baths | 810 - 1,020 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Village at Oakview is an affordable apartment commmunity that offers 2-bedroom and 3-bedroom walk-up garden style units. All units are smoke free and offer an open dining area, tiled kitchen floors, garbage disposal, washer & dryer, central heat & A/C, dishwasher, range, and refrigerator. Community amenities include 24-hour maintenance and parking spots adjacent to each unit. Village at Oakview is conveniently located near schools, bus routes, downtown shopping, city parks, museums, and the Bristol Public Library.
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 Village at Oakview 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. As a LIHTC property that chose the 20/50 election, this property has agreed to set aside at least 20% of its units for families and individuals earning 50% of Area Median Income (AMI). Many of these properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with very low incomes.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 2 Bedroom (2/1.5) | 810ft2 | $471† |
| 3 Bedroom (3/2) | 1020ft2 | $542† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $24,700 / year | $28,200 / year | $31,750 / year | $35,250 / year | $38,100 / year | $40,900 / year |
| 50% AMI for PBRA Units | $24,700 / year | $28,200 / year | $31,750 / year | $35,250 / year | $38,100 / year | $40,900 / year |
| 60% AMI for LIHTC Units | $29,640 / year | $33,840 / year | $38,100 / year | $42,300 / year | $45,720 / year | $49,080 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Village at Oakview have a waiting list?
Village at Oakview 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 Village at Oakview?
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.
In addition to Village at Oakview, how many other affordable housing properties (and units) are there in Bristol?
In addition to Village at Oakview, we list 13 other affordable properties in Bristol. Learn about these properties here. Our data research shows that there are a total of 854 affordable units in Bristol.
When was the Village at Oakview listing last updated?
Village at Oakview listing on Affordable Housing Online was last updated on 05/15/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
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