11444 North Shore Dr, Reston, VA 20190
Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units
Verified for 2022 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 2 Beds | 1 - 2 Baths | - |
This property is currently under construction.
The project is expected to be completed in 2022.
https://www.lakeannehouse.com/about
Lake Anne House offers modern, affordable housing for seniors aged 62 or older in Reston, Virginia. As a resident here, you will enjoy thoughtfully designed studio, one, or two bedroom apartment homes with features to meet your needs and enhance your lifestyle. Lake Anne House is a brand-new construction building and preserves subsidized, high-quality independent apartment living for seniors in Reston, VA. As a resident in this new, energy efficient building, you will enjoy accessibility features in your apartment home and throughout the common spaces. Lake Anne House is more than just a place to live, it’s a place to thrive. State-of-the-art community features include garage parking, a social service office, a large lounge, a wellness center for visiting medical professionals, a game room, a large outdoor plaza with raised garden beds, and an arts and crafts room. With numerous monthly and weekly activities, you will have frequent opportunities to participate in fellowship with neighbors and contribute to the sense of community that Lake Anne House boasts. Find your home at Lake Anne House in Reston, Virginia today!
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. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Lake Anne Fellowship House has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a longer waiting list.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | - | Call for Price† |
| 1 Bedroom (1/1) | - | Call for Price† |
| 2 Bedroom (2/2) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $31,650 / year | $36,200 / year | $40,700 / year | $45,200 / year |
| 50% AMI for LIHTC Units | $52,750 / year | $60,300 / year | $67,850 / year | $75,350 / year |
| 50% AMI for PBRA Units | $52,750 / year | $60,300 / year | $67,850 / year | $75,350 / year |
| 60% AMI for LIHTC Units | $63,300 / year | $72,360 / year | $81,420 / year | $90,420 / year |
| 80% AMI for PBRA Units | $66,750 / year | $76,250 / year | $85,800 / year | $95,300 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Lake Anne Fellowship House have a waiting list?
Lake Anne Fellowship House probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Lake Anne Fellowship House?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Lake Anne Fellowship House?
Lake Anne Fellowship House is managed by S.L Nusbaum Realty Co headquartered in Norfolk, Virginia.
In addition to Lake Anne Fellowship House, how many other affordable housing properties (and units) are there in Reston?
In addition to Lake Anne Fellowship House, we list 16 other affordable properties in Reston. Learn about these properties here. Our data research shows that there are a total of 1163 affordable units in Reston.
11694 North Point Ct, Reston, Virginia 20194
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