Prestonwood Group Home

5301 S Prestonwood Ave, Richmond, VA 23234

Waiting List Forecast: Likely Long or Closed

check_circleVerified for 2019 by Colleen Carter, Ric Gresia

Rent	Beds	Baths	SqFt
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Waitlist Forecast

Since this property is a Section 811 property and includes rental assistance, it will tend to have a longer 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.

Dave's Thoughts On Prestonwood Group Home

As a Section 811 property, this apartment community only allows persons with disabilities. A person of any age with a disability, and an income at or below 50% of the Area Median Income (AMI), qualifies for residency. In addition, Prestonwood Group Home is highly desirable because it offers rent subsidies and will tend to have a longer waiting list. This program was first introduced in 1990, so these younger properties are generally in good condition. Since the property includes a rent subsidy, you would pay no more than 30% of your income toward rent. Most of these properties include a resident services coordinator that organizes and facilitates services like healthcare management, transportation, and social activities. If you are a low-income person with a disability and need some help maintaining independent living, this property might be right for you. Since this property participates in the HUD 811 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

Income Qualification for Prestonwood Group Home

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

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
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.

FAQs for Prestonwood Group Home

Does Prestonwood Group Home have a waiting list?

Prestonwood Group Home 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 Prestonwood Group Home?

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.

In addition to Prestonwood Group Home, how many other affordable housing properties (and units) are there in Richmond?

In addition to Prestonwood Group Home, 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.