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Affordable Housing In Petersburg
Virginia

27 Low Income Apartment Communities In Petersburg

Carriage House- A Senior Community

135 West Old Street
Petersburg, Virginia
Call For Rent
1-2 BR
Subsidized

Westover Commons Apartments

1922 Varina Ave
Petersburg, Virginia
Call For Rent
2 BR
Accepts Vouchers

Sentry Woods Aparments

1922 Varina-A Ave
Petersburg, Virginia
Call For Rent
1-2 BR

Henry Williams

555 S. South Street
Petersburg, Virginia
Call For Rent
2-3 BR

Cavalier Senior Apartments

50 Cavalier Drive
Petersburg, Virginia
Accepts Vouchers
62+

Bolling Park

35 W Fillmore Street
Petersburg, Virginia
Accepts Vouchers

Jefferson South of the James

1800 Boydton Plank Rd
Petersburg, Virginia
Call For Rent
1-3 BR
Accepts Vouchers

Cavalier II

100 Cavalier Drive
Petersburg, Virginia
Accepts Vouchers

Gillhaven Manor

500 Farmer St
Petersburg, Virginia
Subsidized
62+
Accessible
Elderly Supportive Housing

Osage House

600 Youngs Rd
Petersburg, Virginia
Subsidized

Housing Authorities that serve Petersburg

Housing Authority Programs
Petersburg Redevelopment and Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Central Virginia Resource Corporation - Prince George Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Petersburg, Virginia

There are 27 low income housing apartment communities offering 2,280 affordable apartments for rent in Petersburg, Virginia.

Income Based Apartments in Petersburg, Virginia

Petersburg features 1,062 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Petersburg, Virginia

There are 1,218 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Petersburg.

Housing Choice Vouchers in Petersburg, Virginia

On average, Section 8 Housing Choice vouchers pay Petersburg landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Petersburg.

The maximum amount a voucher would pay on behalf of a low-income tenant in Petersburg, Virginia for a two-bedroom apartment is between $955 and $1,167.

2020 Petersburg, Virginia Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $899 $932 $1,061 $1,410 $1,686
Payment Standard Range $809 to $989 $839 to $1,025 $955 to $1,167 $1,269 to $1,551 $1,517 to $1,855

Sourced from federal housing data and AffordableHousingOnline.com research.

Petersburg, VA Affordable Housing Snapshot

Total Affordable Apartment Properties 27
Total Low Income Apartments 2,280
Total Housing Units with Rental Assistance 1,062
Percentage of Housing Units Occupied By Renters 58.6%
Average Renter Household Size 2.36
Average Household Size 2.44
Median Household Income $31,798 ±$1,732
Median Rent $842 ±$22
Percentage Of Renters Overburdened 54.81% ± 4.52pp
Total Population 32,123

Population and Household Demographics

Petersburg is a city in Virginia with a population of 32,123. There are 12,803 households in the city with an average household size of 2.44 persons. 58.6% of households in Petersburg are renters.

Income and Rent Overburden in Petersburg

The median gross income for households in Petersburg is $31,798 a year, or $2,650 a month. The median rent for the city is $842 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Petersburg, a household making less than $2,807 a month would be considered overburdened when renting an apartment at or above the median rent. 54.81% of households who rent are overburdened in Petersburg.

Area Median Income In Petersburg

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 Petersburg, HUD calculates the Area Median Income for a family of four as $86,400

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 Petersburg

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 HUD Rental Assistance in Petersburg

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,150 $20,750 $23,350 $25,900 $30,170 $34,590 $39,010 $43,430
50% of Median $30,250 $34,600 $38,900 $43,200 $46,700 $50,150 $53,600 $57,050
80% of Median $48,400 $55,300 $62,200 $69,100 $74,650 $80,200 $85,700 $91,250