Affordable Housing In Norfolk
Virginia

69 Low Income Apartment Communities In Norfolk

The Clairmont at Campostella Station

1030 Berkley Avenue Ext
Norfolk, VA
Call For Rent
1-3 BR
HCV Welcome

Bell Diamond Manor

1009 Middlesex St
Norfolk, VA
$656-1,067
2-3 BR
HCV Welcome
Subsidized

Pointe at Pickett Farms

5424 Greenplain Rd
Norfolk, VA
Call For Rent
1-3 BR
HCV Welcome

St. Paul's Apartment Homes

531 Posey Lane
Norfolk, VA
$611-1,016
1-3 BR
HCV Welcome

Berkley Square Apartments

7139 Sewells Point Road
Norfolk, VA
HCV Welcome

Banks at Berkley

701 South Main Street
Norfolk, VA
$1,012-1,170
2-3 BR
HCV Welcome

Sumler Terrace

720 Appomattox St
Norfolk, VA
Call For Rent
1-4 BR
HCV Welcome
Subsidized

Park Terrace

1120 Park Ave
Norfolk, VA
Call For Rent
2-3 BR
Subsidized

Grandy Villiage

3151 Kimball Terrace
Norfolk, VA
HCV Welcome

Broad Creek Phase V

2500-2592 Joe Austin Drive
Norfolk, VA
HCV Welcome

Housing Authorities that serve Norfolk

Housing Authority Programs
Norfolk Redevelopment and Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Rental Assistance Demonstration (RAD)

Guide To Affordable Housing in Norfolk, Virginia

According to federal housing data and AffordableHousingOnline.com research, there are 69 low income housing apartment communities offering 8,572 affordable apartments for rent in Norfolk, Virginia. Norfolk features 5,485 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 3,087 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Norfolk.

Norfolk, VA Affordable Housing Snapshot

Total Affordable Apartment Properties 69
Total Low Income Apartments 8,572
Total Housing Units with Rental Assistance 5,485
Percentage of Housing Units Occupied By Renters 56.51%
Average Renter Household Size 2.47
Average Household Size 2.53
Median Household Income $44,480 ±$1,077
Median Rent $970 ±$13
Percentage Of Renters Overburdened 54.06% ± 1.62pp
Total Population 245,452

Population and Household Demographics

Norfolk is a City in Virginia with a population of 245,452. There are 87,045 households in the city with an average household size of 2.53 persons. 56.51% of households in Norfolk are renters.

Income and Rent Overburden in Norfolk

The median gross income for households in Norfolk is $44,480 a year, or $3,707 a month. The median rent for the city is $970 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Norfolk, a household making less than $3,233 a month would be considered overburdened when renting an apartment at or above the median rent. 54.06% of households who rent are overburdened in Norfolk.1

Area Median Income In Norfolk

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Norfolk, HUD calculates the Area Median Income for a family of four as $79,300

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Norfolk

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Norfolk HUD Rental Assistance in Norfolk

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,700 $19,050 $21,450 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $27,800 $31,750 $35,700 $39,650 $42,850 $46,000 $49,200 $52,350
80% of Median $44,450 $50,800 $57,150 $63,450 $68,550 $73,650 $78,700 $83,800
Low Income Housing Tax Credits in Norfolk

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1988 to 2009, 25 low income apartment communities containing 2,582 rental apartments have been constructed and made affordable to low income persons in Norfolk by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Norfolk

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $27,800 $31,750 $35,700 $39,650 $42,850 $46,000 $49,200 $52,350
60% of Median $33,360 $38,100 $42,840 $47,580 $51,420 $55,200 $59,040 $62,820

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Norfolk is $42,840 a year, or $3,570 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,570 by 30% to get a maximum rent of $1,071 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $695 $744 $893 $1,031 $1,150 $1,269
60% $834 $893 $1,071 $1,238 $1,380 $1,523
Fair Market Rents in Norfolk

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$952 $958 $1,136 $1,603 $1,994