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Upper Street Apartments

608 Upper Street, Danville, Virginia 24541

The Upper Street Project involves the acquisition and historic rehabilitation of an existing church building and two duplex buildings in the Westmoreland neighborhood in the City of Danville. The church building will be converted into a mix of 11 affordable one and two bedroom multi-family units, bringing the project total to 15 units. These units will serve veterans, people with disabilities, and households with very low income.

This property is currently under construction.

Contact the Danville Redevelopment and Housing Authority for more information on when this project will be open and accepting tenants.

Upper Street Apartments Details

  • 15 bedroom units.
  • Scattered Sites
  • HOME Investment Partnerships Program
  • Low-Income Housing Tax Credit (LIHTC)

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Danville Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Danville but actual income limits may differ for units at Upper Street Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $20,900 $23,900 $26,900 $29,850 $32,250 $34,650 $37,050 $39,450
Low Income (60%) $25,080 $28,680 $32,280 $35,820 $38,700 $41,580 $44,460 $47,340

Upper Street Apartments is managed by Danville Redevelopment and Housing Authority.

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