946 Sledd St, Richmond, VA 23220
Waiting List Forecast: Likely Short or None
Verified for 2022 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 624 - 1,139 Sq Ft |
This property is currently under construction.
Expected to open winter 2021
The Foundry offers BRAND NEW one-, two-, and three-bedroom AFFORDABLE APARTMENTS in Richmond’s Northside near Virginia Union University with easy access to interstates, shopping, dining, entertainment, and employment!
Residents at The Foundry enjoy a host of amenities including a resort-style pool, modern fitness center, community clubhouse, security cameras and controlled access, elevators, and so much more.
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. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests The Foundry Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, 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 have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Steel- 1 Bed (1/1) | 624ft2 | Call for Price† |
| Zinc-1 Bed (1/1) | 673ft2 | Call for Price† |
| Alloy- 1 Bed (1/1) | 725ft2 | Call for Price† |
| Brass- 1 Bed (1/1) | 725ft2 | Call for Price† |
| Magnesium-2 Bed (2/2) | 935ft2 | Call for Price† |
| Iron- 2 Bed (2/2) | 956ft2 | Call for Price† |
| Cooper-2 Bed (2/2) | 956ft2 | Call for Price† |
| Bronze-3 Bed (3/2) | 1118ft2 | Call for Price† |
| Aluminum-3 Bed (3/2) | 1118ft2 | Call for Price† |
| Titanium-3 Bed (3/2) | 1139ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $37,350 / year | $42,650 / year | $48,000 / year | $53,300 / year | $57,600 / year | $61,850 / year |
| 50% AMI for PBRA Units | $37,350 / year | $42,650 / year | $48,000 / year | $53,300 / year | $57,600 / year | $61,850 / year |
| 60% AMI for LIHTC Units | $44,820 / year | $51,180 / year | $57,600 / year | $63,960 / year | $69,120 / year | $74,220 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Foundry Apartments have a waiting list?
The Foundry Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at The Foundry Apartments?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges The Foundry Apartments?
The Foundry Apartments is managed by Lawson Companies headquartered in Virginia Beach, Virginia.
In addition to The Foundry Apartments, how many other affordable housing properties (and units) are there in Richmond?
In addition to The Foundry 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.
1221 E Brookland Park Blvd, Richmond, Virginia 23222
214 E 9th Street, Richmond, Virginia 23224
5001 Ridgedale Parkway #107, Richmond, Virginia 23234
1400 Shirleydale Ave, Richmond, Virginia 23231
2501 W Broad St, Richmond, Virginia 23220
Section 8 vouchers can be moved to another area.
Once certain conditions are met, a Section 8 voucher may be transferred to another area (known as "porting").Tangala Tonya Mcfashion says:
"Affordable Housing Online is very useful and keeps you updated on all of the information."