4053 Old Brook Rd., Richmond, VA 23227
Waiting List Forecast: Likely Long or Closed
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 1 Bath | - |
Since this property may have a RAD Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. 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.
Newman Village is an affordable apartment community offering 1-bedroom units. This offers a fitness center and a laundry facility.
Since Newman Village participates in the RAD Section 8 Project-Based Section 8 Program, your rent would be subsidized. 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. Also, project-based RAD Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. Since this property participates in the RAD Section 8 Project Based Rental Assistance program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price† |
| AMI* | 1 person | 2 people |
|---|---|---|
| 30% AMI for PBRA Units | $22,400 / year | $25,600 / year |
| 50% AMI for LIHTC Units | $37,350 / year | $42,650 / year |
| 50% AMI for PBRA Units | $37,350 / year | $42,650 / year |
| 80% AMI for PBRA Units | $59,750 / year | $68,250 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Newman Village have a waiting list?
Newman Village 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 Newman Village?
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 Newman Village?
Newman Village is managed by TM Associates Management, Inc headquartered in Rockville, Maryland.
In addition to Newman Village, how many other affordable housing properties (and units) are there in Richmond?
In addition to Newman Village, 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 Newman Village listing last updated?
Newman Village 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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