Grandy Village

3151 Kimball Terrace, Norfolk, VA 23504

Waiting List Forecast: Closed

check_circleVerified for 2023 by Lorena Bentley, Colleen Carter, Ric Gresia
Rent Beds Baths SqFt
Call for Rents 1 - 3 Beds 1 Bath -

Waitlist Information

Grandy Village Revitalization Low Income Housing Tax Credit Waiting List

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

Grandy Village is an affordable housing community close to the beautiful Elizabeth River. The community consist of duplexes,  townhouse-style apartments, a recreation center and contains the Grandy Village Learning Center. 

Dave's Thoughts On Grandy Village

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 Grandy Village 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Grandy Village Amenities

  • On-Site Manager
  • New and Renovated Apartment Homes

Units at Grandy Village

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

Income Qualification for Grandy Village

*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
30% AMI for PBRA Units $20,800 / year $23,800 / year $26,750 / year $30,000 / year $35,140 / year $40,280 / year
50% AMI for LIHTC Units $34,650 / year $39,600 / year $44,550 / year $49,500 / year $53,500 / year $57,450 / year
50% AMI for PBRA Units $34,650 / year $39,600 / year $44,550 / year $49,500 / year $53,500 / year $57,450 / year
60% AMI for LIHTC Units $41,580 / year $47,520 / year $53,460 / year $59,400 / year $64,200 / year $68,940 / year
80% AMI for PBRA Units $55,450 / year $63,400 / year $71,300 / year $79,200 / year $85,550 / year $91,900 / year

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

FAQs for Grandy Village

Does Grandy Village have a waiting list?

Grandy Village has a waiting list. See above for waiting list details.

Are rents subsidized at Grandy Village?

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.

In addition to Grandy Village, how many other affordable housing properties (and units) are there in Norfolk?

In addition to Grandy Village, we list 70 other affordable properties in Norfolk. Learn about these properties here. Our data research shows that there are a total of 8045 affordable units in Norfolk.

When was the Grandy Village listing last updated?

Grandy Village listing on Affordable Housing Online was last updated on 05/19/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Grandy Village

Banks at Berkley

701 South Main Street, Norfolk, Virginia 23523

Sumler Terrace

720 Appomattox St, Norfolk, Virginia 23523

The Clairmont at Campostella Station

851 Cedar St, Norfolk, Virginia 23523

Pointe at Pickett Farms

5424 Greenplain Rd, Norfolk, Virginia 23502

Park Terrace

1120 Park Ave, Norfolk, Virginia 49855

Diggs Town

1619 Vernon Drive, Norfolk, Virginia 23523

Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.