100 Joanis Dr, Danville, VA 24540
Waiting List Forecast: Likely Short or None
Verified for 2023 by Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
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.
Danville Family Homes, a 40 unit single family home community in Danville, Virginia, consists of two and three bedroom newly constructed homes with two full baths. To assure long-term value and energy efficiency, the homes include attached garages, energy star rated building materials and appliances, low-flow faucets, central HVAC, range, refrigerator, dishwasher, washer/ dryer hook ups, basements, and porches. The units are also wired for, and provide, high speed internet/DSL access. The subdivision includes a playground and community center equipped with meeting space, management offices, common laundry, and a business center with computers and free internet access.
Danville Family Homes serves low- and moderate-income families who are pursuing economic self-sufficiency and the dream of homeownership. The property operates under a Lease-Purchase structure in which the initial 15-year compliance period is designed as an evolutionary, educational period where residents are instructed and guided toward homeownership – physically (i.e. how to change a furnace filter or light bulb), financially (job preparedness / budget training / credit counseling; building down-payment assistance), and emotionally (thinking independently about solving problems and managing the responsibility of homeownership).
PIRHL, in partnership with Buckeye Community Hope Foundation and Total Action Against Poverty (TAP), developed Danville Family Homes, Thirty-five units are situated on a subdivision with the remaining five units located on scattered sites conveyed to the project partnership by the Danville Housing and Redevelopment Authority in partnership with the City of Danville. In Year 15, TAP will have the right of first refusal to purchase the tax credit partnership for the balance of the outstanding debt on the property plus exit taxes, insurance, and closing costs. Beginning in Year 16, TAP will then offer the current resident the right of first refusal, but not the obligation, to purchase their home.
Because Danville Family Homes 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
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $24,750 / year | $28,250 / year | $31,800 / year | $35,300 / year | $38,150 / year | $40,950 / year | $43,800 / year | $46,600 / year |
| 50% AMI for PBRA Units | $24,750 / year | $28,250 / year | $31,800 / year | $35,300 / year | $38,150 / year | $40,950 / year | $43,800 / year | $46,600 / year |
| 60% AMI for LIHTC Units | $29,700 / year | $33,900 / year | $38,160 / year | $42,360 / year | $45,780 / year | $49,140 / year | $52,560 / year | $55,920 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Danville Family Homes have a waiting list?
Danville Family Homes 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 Danville Family Homes?
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 Danville Family Homes?
Danville Family Homes is managed by RLJ Management headquartered in columbus, OH.
In addition to Danville Family Homes, how many other affordable housing properties (and units) are there in Danville?
In addition to Danville Family Homes, we list 24 other affordable properties in Danville. Learn about these properties here. Our data research shows that there are a total of 1822 affordable units in Danville.
When was the Danville Family Homes listing last updated?
Danville Family Homes listing on Affordable Housing Online was last updated on 01/02/2023 by Ric Gresia. Remember, a property's status can change so you should contact the property to confirm.
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