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Timberlake Place Apartments(Senior)

1512 East Market St, Charlottesville, VA 22902

Waiting List Forecast: Likely Short or None

check_circleVerified for 2021 by Lorena Bentley, Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	1 - 2 Beds	1 Bath	-

Call (434) 973-2027 Email

Waitlist Forecast

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.

Timberlake Place Apartment (Senior) 27 Units
1512 E. Market Street, Charlottesville, VA
1 Bdrm $700
2 Bdrm $830
1 bedroom, 1 bedroom with office, 2 bedroom
Amenities:
On Site Laundry room, large sunny windows, community garden, community room,monthly activities for the residents

Property Contact Info:
Phone: 434-973-2027
mhultman@piedmonthousing.org

Dave's Thoughts On Timberlake Place Apartments(Senior)

Because Timberlake Place Apartments(Senior) participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.

~ Dave Layfield, Founder of Affordable Housing Online

Timberlake Place Apartments(Senior) Amenities

Many Activities
Community Room
Laundry Room
Community Garden

Units at Timberlake Place Apartments(Senior)

Unit (Bd/Ba)	Ft²	Rent
One Bed One Bath (1/1)	-	Call for Price^†
Two Bedroom One Bath (2/1)	-	Call for Price^†

Income Qualification for Timberlake Place Apartments(Senior)

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people
50% AMI for LIHTC Units	$38,850 / year	$44,400 / year	$49,950 / year	$55,500 / year
50% AMI for PBRA Units	$38,850 / year	$44,400 / year	$49,950 / year	$55,500 / year
60% AMI for LIHTC Units	$46,620 / year	$53,280 / year	$59,940 / year	$66,600 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Timberlake Place Apartments(Senior)

Does Timberlake Place Apartments(Senior) have a waiting list?

Timberlake Place Apartments(Senior) 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 Timberlake Place Apartments(Senior)?

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 Timberlake Place Apartments(Senior)?

Timberlake Place Apartments(Senior) is managed by Piedmont Housing Alliance headquartered in Charlottesville, Virginia.

In addition to Timberlake Place Apartments(Senior), how many other affordable housing properties (and units) are there in Charlottesville?

In addition to Timberlake Place Apartments(Senior), we list 84 other affordable properties in Charlottesville. Learn about these properties here. Our data research shows that there are a total of 2583 affordable units in Charlottesville.