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The Renaissance

1021 German School Rd , Richmond, Virginia 23225

The Renaissance is situated on 18 acres in a park-like setting, providing subsidized housing for the elderly, disabled and handicapped. Rent adjusted to your income. Walking Path to Grocery and Pharmacy.

 

Contact The Renaissance

Message The Renaissance

Waiting List is Open Now

6 -12 months

Last updated on March 18th, 2019

Units

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

The Renaissance Details

  • 240 one and two bedroom units.
  • Water and Sewer utilities included in rent
  • Electricity utility included in rent
  • Heat utility included in rent
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Controlled Access
  • Elevator
  • Emergency Pull Cord
  • Restricted Entry
  • Walking Trails
  • Pet Friendly
  • On Bus-line
  • Beautiful Landscape
  • On-site Laundry

Unit Amenities

  • Utilities Included
  • Frost-Free Refrigerator
  • Extra Closet Space
  • Wall-to-Wall Carpeting

Nearby Amenities

  • Nearby Parks and Recreation

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. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

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 The Renaissance.

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 The Renaissance.

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

The Renaissance is managed by Amurcon Realty Co.

Image of The Renaissance

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