Salem Run

5715 Castlebridge Rd, Fredericksburg, VA 22407

Waiting List Forecast: Likely Short or None

check_circleVerified for 2024 by Stacy Whyte
Rent Beds Baths SqFt
$1,035 - 1,145 per Month 2 - 3 Beds 2 Baths 1,100 - 1,325 Sq Ft
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Pets Allowed
check_circle  Affordable

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.

Salem Run Apartment homes are situated in a secluded, wooded setting. Salem Run Apartments are conveniently located off Route 3 and I-95. Route 208 (Courthouse Road) and Route 1 are only moments away. Great shopping, restaurants, parks and schools are all close by.

Dave's Thoughts On Salem Run

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 Salem Run 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, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Salem Run Amenities

  • Fitness Center
  • Tennis Court
  • Playground
  • Clubhouse
  • Close to Shopping
  • 24hr Emergency Maintenance
  • Near Highway or Interstate
  • On-Site Parking
  • Dishwasher
  • Breakfast Bar
  • Online Payments Accepted
  • Central Heat & Air
  • Washer and Dryer Included
  • Electric Range
  • Private Master Baths
  • Swimming pool
  • Private Patio and Balcony
  • Wall-to-Wall Carpeting

Units at Salem Run

Unit (Bd/Ba) Ft2 Rent
Two Bedroom Two Bath (2/2) 1100ft2 $1,035
Three Bedroom Two Bath (3/2) 1325ft2 $1,145

Income Qualification for Salem Run

*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 5 people 6 people
50% AMI for LIHTC Units $52,750 / year $60,300 / year $67,850 / year $75,350 / year $81,400 / year $87,450 / year
50% AMI for PBRA Units $52,750 / year $60,300 / year $67,850 / year $75,350 / year $81,400 / year $87,450 / year
60% AMI for LIHTC Units $63,300 / year $72,360 / year $81,420 / year $90,420 / year $97,680 / year $104,940 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Salem Run

Does Salem Run have a waiting list?

Salem Run 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 Salem Run?

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 Salem Run?

Salem Run is managed by Grady Management Inc. headquartered in Silver Spring , Maryland.

In addition to Salem Run, how many other affordable housing properties (and units) are there in Fredericksburg?

In addition to Salem Run, 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.

When was the Salem Run listing last updated?

Salem Run listing on Affordable Housing Online was last updated on 06/07/2024 by Stacy Whyte. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Salem Run

Kings Crest Senior Apartments

11500 Kings Crest Ct, Fredericksburg, Virginia 22407

bed 1-2
payment $900-1100/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Overlook Terrace Apartments

4540 Lookout Ln, Fredericksburg, Virginia 22408

bed 1-3
switch_access_shortcut Short Wait
accessibility Accessible

New Post Apartments

2000 Liberty Loop, Fredericksburg, Virginia 22408

bed 1-3
payment $1575-2163/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Forest Village Apartments

1300 Forest Village, Fredericksburg, Virginia 22401

switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Mill Park Terrace

2216 Caroline St, Fredericksburg, Virginia 22401

switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Hazel Hill

100 Princess Anne St , Fredericksburg, Virginia 22401

switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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