Foxwood Apartments

5000 Snead Rd, Richmond, Virginia 23224

You will enjoy the advantages of single floor living in a one, two, or three bedroom apartment at Foxwood. Functional floorplans, quality workmanship, and a convenient location make this community a desirable one in which to live.

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Income Based
2 Bedroom (2/1) - Income Based
3 Bedroom (3/1) - Income Based

Foxwood Apartments Details

  • 158 0, 0 and 0 bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Community Room
  • Laundry Facility
  • Free Parking

Unit Amenities

  • Oven and Range
  • Frost-Free Refrigerator
  • Extra Closet Space
  • Wall-to-Wall Carpeting

Nearby Amenities

  • Near Shopping

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Richmond HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Richmond but actual income limits may differ for units at Foxwood Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $18,900 $21,600 $24,300 $27,000 $31,040 $35,580 $40,120 $44,660
50% $31,500 $36,000 $40,500 $45,000 $48,600 $52,200 $55,800 $59,400
80% $50,400 $57,600 $64,800 $72,000 $77,800 $83,550 $89,300 $95,050

Richmond Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Richmond but actual income limits may differ for units at Foxwood Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $31,500 $36,000 $40,500 $45,000 $48,600 $52,200 $55,800 $59,400
Low Income (60%) $37,800 $43,200 $48,600 $54,000 $58,320 $62,640 $66,960 $71,280

Foxwood Apartments is managed by Amurcon Realty Co.

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