Phelps Road Place Apartments

190 Phelps Road, Madison Heights, VA 24572

Waiting List Forecast: Likely Short or None

check_circleVerified for 2024 by Joshua Cappell
Rent Beds Baths SqFt
Call for Rents 1 - 3 Beds 1 Bath -
check_circle  Accessible Units
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.

With convenient access to Route 29, Phelps Road Apartments provides one, two, and three bedroom accessible housing for people with impairments. 11 units are Universal Federal Accessibility Standards Compliant. The entire site is ADA compliant. Greater Lynchburg Transit Company provides routine bus services right outside the front door.

Dave's Thoughts On Phelps Road Place Apartments

Because Phelps Road Place Apartments participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Phelps Road Place Apartments Amenities

  • Community Room
  • Off-Street Parking
  • Dishwasher
  • Microwave
  • Refrigerator
  • Oven and Range
  • Community Garden
  • Central Heat & Air
  • Stove
  • Coin-Operated Laundry
  • Fully Equipped Kitchen
  • Accessible Apartments

Units at Phelps Road Place Apartments

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price
2 Bedroom (2/1) - Call for Price
3 Bedroom (3/1) - Call for Price

Income Qualification for Phelps Road Place Apartments

*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 $29,050 / year $33,200 / year $37,350 / year $41,500 / year $44,850 / year $48,150 / year
50% AMI for PBRA Units $29,050 / year $33,200 / year $37,350 / year $41,500 / year $44,850 / year $48,150 / year
60% AMI for LIHTC Units $34,860 / year $39,840 / year $44,820 / year $49,800 / year $53,820 / year $57,780 / year

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

FAQs for Phelps Road Place Apartments

Does Phelps Road Place Apartments have a waiting list?

Phelps Road Place 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 Phelps Road Place 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 Phelps Road Place Apartments?

Phelps Road Place Apartments is managed by Locust Hill Realty, Inc. headquartered in Scranton, PA.

In addition to Phelps Road Place Apartments, how many other affordable housing properties (and units) are there in Madison Heights?

In addition to Phelps Road Place Apartments, we list 6 other affordable properties in Madison Heights. Learn about these properties here. Our data research shows that there are a total of 80 affordable units in Madison Heights.

When was the Phelps Road Place Apartments listing last updated?

Phelps Road Place Apartments listing on Affordable Housing Online was last updated on 06/07/2024 by Joshua Cappell. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Phelps Road Place Apartments

Willow Branch Apartments

115 Branch Dr, Madison Heights, Virginia 24572

bed 1-2
switch_access_shortcut Short Wait
accessibility Accessible

Amherst Group Home

44 Whipoorwil Ct, Madison Heights, Virginia 24572

payment Subsidized
accessibility Accessible
accessible_forward Disability

4104 S Amherst Hwy Unit 1

4104 S Amherst Hwy Unit 1, Madison Heights, Virginia 24572

bed 2
payment $650/mo.

113 Carson Ln

113 Carson Ln, Madison Heights, Virginia 24572

bed 3
payment $1135/mo.

127 Fred Dr

127 Fred Dr, Madison Heights, Virginia 24572

bed 3
payment $945/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

105 Williams Rd

105 Williams Rd, Madison Heights, Virginia 24572

bed 1
payment $505/mo.
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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