1402 Jennie Scher Rd, Richmond, VA 23231
Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 4 Beds | 1 - 1.5 Bath | - |
Since this property is a LIHTC property that may have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. 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.
Welcome to Ashley Oaks Apartments in Richmond, Virginia – your gateway to comfortable and affordable living. This community offers 1-, 2-, and 3-bedroom apartments, as well as 2-, 3-, and 4-bedroom townhomes for rent. At Ashley Oaks, most utilities are included in your rent, simplifying your monthly budget. The prime location in the vibrant Fulton neighborhood means you're just moments away from some of the area's best eateries, parks, and entertainment hotspots. Nestled on the east side of the James River, Ashley Oaks is just 4 miles away from the heart of Downtown Richmond, putting you at the center of all the action. Discover the comfort, convenience, and vibrant lifestyle that Ashley Oaks Apartments has to offer.
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 RAD 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 Ashley Oaks Apartments 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 RAD 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 |
|---|---|---|
| One Bedroom Apartment (1/1) | - | Call for Price† |
| Two Bedroom Apartment (2/1) | - | Call for Price† |
| Two Bedroom Townhome (2/1) | - | Call for Price† |
| Three Bedroom Apartment (3/1) | - | Call for Price† |
| Three Bedroom Townhome (3/1.5) | - | Call for Price† |
| Four Bedroom Townhome (4/1.5) | - | Call for Price† |
| 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.
Does Ashley Oaks Apartments have a waiting list?
Ashley Oaks Apartments 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 Ashley Oaks Apartments?
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 Ashley Oaks Apartments?
Ashley Oaks Apartments is managed by TM Associates Management, Inc headquartered in Rockville, Maryland.
In addition to Ashley Oaks Apartments, how many other affordable housing properties (and units) are there in Richmond?
In addition to Ashley Oaks Apartments, we list 505 other affordable properties in Richmond. Learn about these properties here. Our data research shows that there are a total of 18088 affordable units in Richmond.
When was the Ashley Oaks Apartments listing last updated?
Ashley Oaks Apartments listing on Affordable Housing Online was last updated on 03/20/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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