Low Income Apartments In Charlottesville
Charlottesville City, Virginia

Low Income Apartments In Charlottesville

Carlton Views Apartments

1337 Carlton St
Charlottesville, VA
1-3 BR
HCV Welcome

Ephphatha Village

1014 Ridge St
Charlottesville, VA
Studio-1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Prospect Homes

746 Prospect Ave
Charlottesville, VA
3 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Greenstone on 5th Apartments

720 Prospect Ave
Charlottesville, VA
1-3 BR

Grady Avenue Group Home

1012 Grady Ave
Charlottesville, VA
Accessible
Disabled Supportive Housing
Subsidized

Treesdale

1720 Treesdale Way
Charlottesville, VA
HCV Welcome

Carlton Avenue Group Ho

1212 Carlton Ave
Charlottesville, VA
Accessible
Disabled Supportive Housing
Subsidized

Blue Ridge Commons

738 Prospect Ave STE A
Charlottesville, VA
Subsidized

Friendship Court

418 Garrett St
Charlottesville, VA
Subsidized

Midway Manor

100 Ridge St
Charlottesville, VA
Subsidized

There are 31 low income housing apartment complexes which contain 2,277 affordable apartments for rent in Charlottesville, Virginia. Many of these rental apartments are income based housing with about 866 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 450 Project-Based Section 8 subsidized apartments in Charlottesville. There are 1,376 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Charlottesville

Housing Authority Programs
Charlottesville Redevelopment and Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Other Housing Authorities located in Charlottesville

Housing Authority Programs
Albemarle County Office of Housing Section 8 Housing Choice Voucher (HCV); Section 8 Project-Based Rental Assistance (PBRA)
Piedmont Housing Alliance Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Charlottesville, Virginia

Charlottesville, VA Affordable Housing Snapshot

Total Affordable Apartment Properties 31
Total Low Income Apartments 2,277
Total Rent Assisted Apartments 866
Percentage of Housing Units Occupied By Renters 56.43%
Average Renter Household Size 2.43
Total Population 45,084
Housing Units 17,752
Average Household Size 2.39
Median Household Income $49,775 ±$3,042
Median Rent $998 ±$29
Percentage Of Renters Overburdened 47.36% ± 3.44pp

Population and Household Demographics

Charlottesville is a City in Charlottesville City, Virginia with a population of 45,084. There are 17,752 households in the city with an average household size of 2.39 persons. 56.43% of households in Charlottesville are renters.

Income and Rent Overburden in Charlottesville

The median gross income for households in Charlottesville is $49,775 a year, or $4,148 a month. The median rent for the city is $998 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Charlottesville, a household making less than $3,327 a month would be considered overburdened when renting an apartment at or above the median rent. 47.36% of households who rent are overburdened in Charlottesville.1

Area Median Income In Charlottesville

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Charlottesville, the AMI is calculated from all households within Charlottesville City.

In Charlottesville, HUD calculates the Area Median Income for a family of four as $89,400

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Charlottesville

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Charlottesville HUD Rental Assistance in Charlottesville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,800 $21,450 $24,150 $26,800 $30,170 $34,590 $39,010 $43,430
50% of Median $31,300 $35,800 $40,250 $44,700 $48,300 $51,900 $55,450 $59,050
80% of Median $50,050 $57,200 $64,350 $71,500 $77,250 $82,950 $88,700 $94,400
Low Income Housing Tax Credits in Charlottesville

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1988 to 2012, 16 low income apartment communities containing 1,349 rental apartments have been constructed and made affordable to low income persons in Charlottesville by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Charlottesville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $37,560 $42,960 $48,300 $53,640 $57,960 $62,280 $66,540 $70,860

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Charlottesville is $48,300 a year, or $4,025 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,025 by 30% to get a maximum rent of $1,208 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $783 $839 $1,006 $1,163 $1,298 $1,431
60% $939 $1,007 $1,208 $1,395 $1,557 $1,718
Fair Market Rents in Charlottesville

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$851 $1,146 $1,325 $1,660 $2,013