11500 Kings Crest Ct, Fredericksburg, VA 22407
Waiting List Forecast: Likely Short or None
Verified for 2018 by Colleen Carter, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $900 - 1,100 per Month† | 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.
Enjoy carefree living to the fullest at Kings Crest, an affordable senior apartment community located in historic Fredericksburg. Situated in a wooded setting, Kings Crest offers one (1) and two (2) bedroom apartments to adults 55+. Take advantage of free storage, eat-in kitchens, optional lake front views and a host of recreational, social and educational events. A keypad building entrance and emergency response system provide peace of mind in having your home at Kings Crest.
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 Kings Crest Senior 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 20/50 election, this property has agreed to set aside at least 20% of its units for families and individuals earning 50% of Area Median Income (AMI). Many of these 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 very low incomes.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | - | $900† |
| 2 Bedroom (2/1) | - | $1,100† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $52,750 / year | $60,300 / year | $67,850 / year | $75,350 / year |
| 50% AMI for PBRA Units | $52,750 / year | $60,300 / year | $67,850 / year | $75,350 / year |
| 60% AMI for LIHTC Units | $63,300 / year | $72,360 / year | $81,420 / year | $90,420 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Kings Crest Senior Apartments have a waiting list?
Kings Crest Senior 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 Kings Crest Senior 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 Kings Crest Senior Apartments?
Kings Crest Senior Apartments is managed by The Franklin Johnston Group headquartered in Virginia Beach, VA.
In addition to Kings Crest Senior Apartments, how many other affordable housing properties (and units) are there in Fredericksburg?
In addition to Kings Crest Senior Apartments, we list 78 other affordable properties in Fredericksburg. Learn about these properties here. Our data research shows that there are a total of 4218 affordable units in Fredericksburg.
5715 Castlebridge Rd, Fredericksburg, Virginia 22407
4540 Lookout Ln, Fredericksburg, Virginia 22408
2000 Liberty Loop, Fredericksburg, Virginia 22408
1300 Forest Village, Fredericksburg, Virginia 22401
Wait until you have a Section 8 voucher to find housing.
It usually takes months or years to reach the top of a Section 8 HCV waiting list. Any apartments you see now will likely not be available when you get your voucher.Linda Kenney says:
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