2500 Oakleaf Pl, Portsmouth, VA 23707
Waiting List Forecast: Likely Short or None
Verified for 2020 by Lorena Bentley, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 1 - 850 Sq Ft |
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.
Convenience & Affordability
Whispering Oaks Apartments is pleased to offer affordable living options (income restrictions apply).
Whispering Oaks Apartments sets the bar for affordable living in Portsmouth VA. With our convenient location and well-appointed 1, 2, & 3 bedroom apartments and townhomes, your new home search is made easy. Enjoy natural-light filled spaces with fully furnished kitchens, ready to feed the family or night in with some friends. Swim laps in the pool or get your heart pumping in the fitness center, we have it all just steps from your front door. Need to head out? Our location makes it easy, with convenience to many area hotspots including a quick drive to Downtown Portsmouth. If you want convenience and affordability you have found it here at Whispering Oaks Apartments.
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 Whispering Oaks 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 Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom One Bath A1 (1/1) | 550ft2 | Call for Price† |
| Two Bedroom Two Bath B2 (2/2) | 1ft2 | Call for Price† |
| Two Bedroom One Bath B1TH (2/1) | 850ft2 | Call for Price† |
| Three Bedroom Two Bath C1 (3/2) | 1ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 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 |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Whispering Oaks have a waiting list?
Whispering Oaks 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 Whispering Oaks?
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.
What property management company manges Whispering Oaks?
Whispering Oaks is managed by Fairfield Residential headquartered in San Diego, CA.
In addition to Whispering Oaks, how many other affordable housing properties (and units) are there in Portsmouth?
In addition to Whispering Oaks, we list 41 other affordable properties in Portsmouth. Learn about these properties here. Our data research shows that there are a total of 4010 affordable units in Portsmouth.
Housing options for persons with disabilities.
Many housing programs have apartments or properties restricted to residents with disabilities, including Section 811 Supportive Housing for Persons with DisabilitiesKaren Grim says:
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