Affordable Housing In Charlottesville

34 Low Income Apartment Communities In Charlottesville

Pd - Ahpp - Whitewood Village Apartments

151 Whitewood Rd
Charlottesville, VA
HCV Welcome


802 Hardy Dr
Charlottesville, VA

Scattered Sites

2021 Michie Dr
Charlottesville, VA

1316 Early St

1316 Early St
Charlottesville, VA
HCV Welcome

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

There are 34 low income housing apartment communities offering 2,379 affordable apartments for rent in Charlottesville, Virginia. Charlottesville features 866 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 1,513 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Charlottesville.

Sourced from federal housing data and research.

Charlottesville, VA Affordable Housing Snapshot

Total Affordable Apartment Properties 34
Total Low Income Apartments 2,379
Total Housing Units with Rental Assistance 866
Percentage of Housing Units Occupied By Renters 56.43%
Average Renter Household Size 2.43
Average Household Size 2.39
Median Household Income $49,775 ±$3,042
Median Rent $998 ±$29
Percentage Of Renters Overburdened 47.36% ± 3.44pp
Total Population 45,084

Population and Household Demographics

Charlottesville is a City in 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.

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
50% of Median $31,300 $35,800 $40,250 $44,700 $48,300 $51,900 $55,450 $59,050
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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$854 $1,082 $1,262 $1,573 $1,942