311 E Cawson St, Hopewell, VA 23860
Waiting List Forecast: Likely Short or None
Verified for 2024 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,016 - 1,437 per Month† | 2 - 3 Beds | 1.5 - 2 Baths | 858 - 1,129 Sq Ft |
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.
Freedman Point is a tobacco-free community offering affordable 2-bedroom and 3-bedroom apartment homes. Each unit features energy efficient appliances, dishwasher, microwave, and washer/dryer hookups. Community amenities include a roof-top terrace, controlled main entry, community room, green building, laundry facilities, and parking garage. They are conveniently located near local restaurants and schools, one block from the Appomattox River and City Park with playground, 4 minutes from Randolph Market, and 15 minutes from The Crossing Shopping Center and Target.
Pet Policy: A resident is only allowed two (2) pets per unit. A one-time, non-refundable payment of three hundred dollars ($300) is required for each pet, excluding those that meet and are approved based on reasonable accommodations and modifications. No pet is permitted if the anticipated weight at maturity exceeds 25 pounds. Puppies of large breed dogs will NOT be permitted, as they are anticipated to exceed the 25-pound limit. Pets other than a cat or dog, when allowed, must be kept in a cage in the unit. NOT ALLOWED under any circumstances: Snakes, Spiders, Ferrets, Pot Belly Pigs or other Reptiles.
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 Freedman Point 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. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Two Bedroom (2/1.5) | 858ft2 | $1,016 $1,256† |
| Three Bedroom (3/2) | 1129ft2 | $1,160 $1,437† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $37,350 / year | $42,650 / year | $48,000 / year | $53,300 / year | $57,600 / year | $61,850 / year |
| 50% AMI for PBRA Units | $37,350 / year | $42,650 / year | $48,000 / year | $53,300 / year | $57,600 / year | $61,850 / year |
| 60% AMI for LIHTC Units | $44,820 / year | $51,180 / year | $57,600 / year | $63,960 / year | $69,120 / year | $74,220 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Freedman Point have a waiting list?
Freedman Point 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 Freedman Point?
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 Freedman Point?
Freedman Point is managed by Woda Cooper Companies, Inc. headquartered in Columbus, OH.
In addition to Freedman Point, how many other affordable housing properties (and units) are there in Hopewell?
In addition to Freedman Point, we list 28 other affordable properties in Hopewell. Learn about these properties here. Our data research shows that there are a total of 678 affordable units in Hopewell.
When was the Freedman Point listing last updated?
Freedman Point listing on Affordable Housing Online was last updated on 06/26/2024 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.
1804 Freeman St, Hopewell, Virginia 23860
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