531 E Cedar Rd , Chesapeake, VA 23322
Waiting List Forecast: Likely Short or None
Verified for 2018 by Jill Matthews, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | - |
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.
Canterbury Crossing is a 30-unit multifamily rental community for low-income households. Built in 1960, it is located in the historic area of South Norfolk, Virginia, conveniently near Chesapeake city hall, Great Bridge Shopping Center, Chesapeake TCC, grocery stoes and favorite restaurants. There are 17 two-bedroom apartments and 13 three-bedroom apartments. Apartments are rented to families and individuals earning at or below 50% - 60% of the area median income. Water, sewer and sanitation Included in the rent. The property management staff is actively involved in this family-oriented neighborhood. Resident Services hosts events such as an annual Residents’ Community Day, where individuals and families are treated to food, activities, entertainment, and educational information on health and safety.
Features
On-Site Amenities
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 Canterbury Apartments 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 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many 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 lower incomes. 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 |
|---|---|---|
| 1 Bedroom (1/1) | - | Rent is Based On Your Income† |
| 1 Bedroom with den (1/1) | - | Rent is Based On Your Income† |
| 2 Bedroom (2/1) | - | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $34,650 / year | $39,600 / year | $44,550 / year | $49,500 / year |
| 50% AMI for PBRA Units | $34,650 / year | $39,600 / year | $44,550 / year | $49,500 / year |
| 60% AMI for LIHTC Units | $41,580 / year | $47,520 / year | $53,460 / year | $59,400 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Canterbury Apartments have a waiting list?
Canterbury Apartments 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 Canterbury Apartments?
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 Canterbury Apartments?
Canterbury Apartments is managed by Community Housing Partners headquartered in Christiansburg, Virginia.
In addition to Canterbury Apartments, how many other affordable housing properties (and units) are there in Chesapeake?
In addition to Canterbury Apartments, we list 84 other affordable properties in Chesapeake. Learn about these properties here. Our data research shows that there are a total of 4828 affordable units in Chesapeake.
2000 Randolph Arch, Chesapeake, Virginia 23320
531 Cedar Rd STE 7 , Chesapeake, Virginia 23322
517 Cedar Rd, Chesapeake, Virginia 23322
4200 Reid St, Chesapeake, Virginia 23324
Housing options for seniors.
Many housing programs have apartments or entire properties restricted to senior residents only, including Section 202 Supportive Housing for the Elderly.Kim Eatmon says:
"Affordable Housing Online is a great way to see what’s available for low income housing."