Cypress Terrace

85 Cypress Terrace, Newport News, VA 23608

Waiting List Forecast: Closed

check_circleVerified for 2024 by Lorena Bentley, Colleen Carter, Ric Gresia

Rent	Beds	Baths	SqFt
Call for Rents^†	1 - 4 Beds	1 - 2 Baths	-

Call (757) 833-5720 Email

Waitlist Information

Various Communities Waiting List

Go to the public housing authority page for this waiting list >>

Cypress Terrace Apartments offers a variety of townhomes and apartments ranging from 1-bedroom to 4-bedroom floor plans. Each unit comes cable ready and features private entrances, washer hook-up, air conditioning, a patio, and utility allowance. Property amenities include a recreation center, coin-operated laundry facility, youth recreation program, and resident council activities. The community is near the Newport News/Williamsburg Airport, shopping centers, Patrick Henry Mall, and the HRT bus service.

Dave's Thoughts On Cypress Terrace

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. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the RAD Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Cypress Terrace has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a RAD Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a longer waiting list.

~ Dave Layfield, Founder of Affordable Housing Online

Cypress Terrace Amenities

Air Conditioning
Handicapped Accessible
Washer and Dryer Hookup
Cable Ready
Patio Deck Or Balcony
Private Entrance
Coin-Operated Laundry
Utility Allowance
Resident Activities
On-Site Laundry

Units at Cypress Terrace

Unit (Bd/Ba)	Ft²	Rent
One Bedroom One Bath (1/1)	-	Call for Price^†
Two Bedroom One Bath (2/1)	-	Call for Price^†
Three Bedroom One Bath (3/1)	-	Call for Price^†
Four Bedroom Two Bath (4/2)	-	Call for Price^†

Income Qualification for Cypress Terrace

*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	7 people	8 people
30% AMI for PBRA Units	$20,800 / year	$23,800 / year	$26,750 / year	$30,000 / year	$35,140 / year	$40,280 / year	$45,420 / year	$50,560 / year
50% AMI for LIHTC Units	$34,650 / year	$39,600 / year	$44,550 / year	$49,500 / year	$53,500 / year	$57,450 / year	$61,400 / year	$65,350 / year
50% AMI for PBRA Units	$34,650 / year	$39,600 / year	$44,550 / year	$49,500 / year	$53,500 / year	$57,450 / year	$61,400 / year	$65,350 / year
60% AMI for LIHTC Units	$41,580 / year	$47,520 / year	$53,460 / year	$59,400 / year	$64,200 / year	$68,940 / year	$73,680 / year	$78,420 / year
80% AMI for PBRA Units	$55,450 / year	$63,400 / year	$71,300 / year	$79,200 / year	$85,550 / year	$91,900 / year	$98,250 / year	$104,550 / year

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

FAQs for Cypress Terrace

Does Cypress Terrace have a waiting list?

Cypress Terrace has a waiting list. See above for waiting list details.

Are rents subsidized at Cypress Terrace?

We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.

In addition to Cypress Terrace, how many other affordable housing properties (and units) are there in Newport News?

In addition to Cypress Terrace, we list 160 other affordable properties in Newport News. Learn about these properties here. Our data research shows that there are a total of 8808 affordable units in Newport News.

When was the Cypress Terrace listing last updated?

Cypress Terrace listing on Affordable Housing Online was last updated on 06/10/2024 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.