Cypress Landing

40 Knell's Ridge Blvd, Chesapeake, VA 23320

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Lorena Bentley, Colleen Carter, Ric Gresia, Joshua Cappell

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

Call (757) 500-2754 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.

Cypress Landing is a community for homeless and disabled low-income veterans that offers 1-bedroom and 2-bedroom floor plans. Each unit includes covered balcony, washer/dryer, and Energy Star appliances. Twenty-five (25) apartments are fully accessible, three (3) units are sensory accessible, and the remaining apartments are universally designed. Community amenities include a community room with kitchen, fitness room, outdoor patio with grilling station, and community garden. Cypress Landing residents are provided with case management and additional supportive services through the local Veterans Administration Center.

Dave's Thoughts On Cypress Landing

Because Cypress Landing 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. Because of the LIHTC program, additional units are set aside for households earning 50% or less of the AMI with corresponding lower rent caps.

~ Dave Layfield, Founder of Affordable Housing Online

Cypress Landing Amenities

Fitness Center
Community Room
On-Site Manager
Grilling Area
Energy Star Appliances
Balconies or Patios Available
Community Garden
Washer and Dryer Included
Courtyard
Community Kitchen

Units at Cypress Landing

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

Income Qualification for Cypress Landing

*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	$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.

FAQs for Cypress Landing

Does Cypress Landing have a waiting list?

Cypress Landing 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 Cypress Landing?

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 Cypress Landing?

Cypress Landing is managed by Second Act Communities headquartered in Virginia Beach, VA.

In addition to Cypress Landing, how many other affordable housing properties (and units) are there in Chesapeake?

In addition to Cypress Landing, 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.