5823 Sadlers Neck Road, Gloucester, VA 23061
Waiting List Forecast: Likely Short or None
Verified for 2022 by Lorena Bentley, Austyn McLemore, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $868 - 1,189 per Month† | 1 - 3 Beds | 1 - 2 Baths | 707 - 1,144 Sq Ft |
This property is currently under construction.
Phase I has an anticipated completion date of Summer 2020. We will update this page as we get more information on the progress of this project including information on how to apply for residence once construction is complete. Please check back regularly.
S. L. Nusbaum Realty Co. announced Friday that construction is complete and the Riverbend Apartment Homes are now open and available.
The complex is a 218-unit community located within minutes of Downtown Gloucester in the Gloucester County Courthouse area off of Route 17.
Amenities include a clubhouse, fitness center, community playground, and a resort-style pool with a poolside cabana, an outdoor kitchen, grilling stations, and a fire pit.
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 River Bend 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.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 707ft2 | $868† |
| Two Bedroom (2/2) | 955ft2 | $1,032 $1,042† |
| Three Bedroom (3/2) | 1144ft2 | $1,165 $1,189† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $34,650 / year | $39,600 / year | $44,550 / year | $49,500 / year | $53,500 / year | $57,450 / year |
| 50% AMI for PBRA Units | $34,650 / year | $39,600 / year | $44,550 / year | $49,500 / year | $53,500 / year | $57,450 / year |
| 60% AMI for LIHTC Units | $41,580 / year | $47,520 / year | $53,460 / year | $59,400 / year | $64,200 / year | $68,940 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does River Bend Apartments have a waiting list?
River Bend 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 River Bend 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 River Bend Apartments?
River Bend Apartments is managed by S.L Nusbaum Realty Co headquartered in Norfolk, Virginia.
In addition to River Bend Apartments, how many other affordable housing properties (and units) are there in Gloucester?
In addition to River Bend Apartments, we list 2 other affordable properties in Gloucester. Learn about these properties here. Our data research shows that there are a total of 314 affordable units in Gloucester.
7407 Village Green Ln, Gloucester, Virginia 23061
Stay in contact with the housing agency after applying.
While on a waiting list, always keep your information up to date. If you get selected for housing, the agency needs to know how to reach you!Judea I. Lawton says:
"Affordable Housing Online is a great resource for those needing housing."