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Phelps Road Place Apartments

190 Phelps Road, Madison Heights, Virginia 24572

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.

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Units

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

Phelps Road Place Apartments Details

  • 22 one, two and three bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Community Room
  • Off-Street Parking
  • Community Garden
  • Coin-Operated Laundry
  • Accessible Apartments

Unit Amenities

  • Dishwasher
  • Microwave
  • Refrigerator
  • Oven and Range
  • Central Heat & Air
  • Stove
  • Fully Equipped Kitchen

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Phelps Road Place Apartments is managed by Locust Hill Realty, Inc..

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Image of Phelps Road Place Apartments
Image of Phelps Road Place Apartments
Image of Phelps Road Place Apartments
Image of Phelps Road Place Apartments
Image of Phelps Road Place Apartments
Image of Phelps Road Place Apartments