Sycamore Towers

128 S Sycamore St, Petersburg, VA 23803

Waiting List Forecast: Likely Short or None

check_circleVerified for 2022 by Lorena Bentley, Ric Gresia

Rent	Beds	Baths	SqFt
Call for Rents^†	Studio Bed	1 Bath	-

Call (804) 733-2200

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

Sycamore Towers Apartments Project consist of the renovation of an existing One Hundred (100) unit development that will provide affordable rental housing for seniors age 55 and above. All One Hundred (100) units will serve families with incomes at or below 60% AMI. The renovation will include new elevators, flooring, kitchen cabinets, roofing, electrical, plumbing, lighting, fire and intrusion alarms, HVAC, etc.

Dave's Thoughts On Sycamore Towers

Because Sycamore Towers participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. Because of the LIHTC program, additional units are set aside for households earning 50% or less of the AMI with corresponding lower rent caps.

~ Dave Layfield, Founder of Affordable Housing Online

Sycamore Towers Amenities

Elevator
On-Site Parking
New and Renovated Apartment Homes

Units at Sycamore Towers

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Call for Price^†

Income Qualification for Sycamore Towers

*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	$22,400 / year	$25,600 / year	$28,800 / year	$32,000 / year	$35,140 / year	$40,280 / year	$45,420 / year	$50,560 / year
50% AMI for LIHTC Units	$37,350 / year	$42,650 / year	$48,000 / year	$53,300 / year	$57,600 / year	$61,850 / year	$66,100 / year	$70,400 / year
50% AMI for PBRA Units	$37,350 / year	$42,650 / year	$48,000 / year	$53,300 / year	$57,600 / year	$61,850 / year	$66,100 / year	$70,400 / year
60% AMI for LIHTC Units	$44,820 / year	$51,180 / year	$57,600 / year	$63,960 / year	$69,120 / year	$74,220 / year	$79,320 / year	$84,480 / year
80% AMI for PBRA Units	$59,750 / year	$68,250 / year	$76,800 / year	$85,300 / year	$92,150 / year	$98,950 / year	$105,800 / year	$112,600 / year

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

FAQs for Sycamore Towers

Does Sycamore Towers have a waiting list?

Sycamore Towers probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Sycamore Towers?

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 Sycamore Towers, how many other affordable housing properties (and units) are there in Petersburg?

In addition to Sycamore Towers, we list 74 other affordable properties in Petersburg. Learn about these properties here. Our data research shows that there are a total of 2130 affordable units in Petersburg.