The Rosa

744 N 2nd St, Richmond, VA 23219

Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units

check_circleVerified for 2019 by Connor Bailey, Lorena Bentley, Colleen Carter, Ric Gresia, Joshua Cappell

Rent	Beds	Baths	SqFt
$923 per Month^†	1 Bed	1 Bath	560 Sq Ft

This property is currently under construction.

Leasing is expected to start October 2019.

The Rosa, located in the historic Jackson Ward, is an affordable community for adults aged 62 years and better. Community amenities include a business center, arts & crafts center, outdoor patio space, laundry facilities, and an elevator.

Pet Policy: One (1) pet up to 50 lbs is allowed per apartment home at The Rosa. A one-time, non-refundable $250 pet fee is required. Breed restrictions apply.

Dave's Thoughts On The Rosa

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. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the RAD Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. 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. LIHTC properties tend to have shorter waiting lists however, since The Rosa has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a RAD Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a longer waiting list.

~ Dave Layfield, Founder of Affordable Housing Online

The Rosa Amenities

Elevator
Fitness Center
Community Room
Business Center
On-Site Manager
24hr Emergency Maintenance
Off-Street Parking
On-Site Maintenance
Laundry Facilities
Courtyard
Community Kitchen

Units at The Rosa

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	560ft²	$923^†

Income Qualification for The Rosa

*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
60% AMI for LIHTC Units	$44,820 / year	$51,180 / year	$57,600 / year	$63,960 / year	$69,120 / year	$74,220 / year	$79,320 / year	$84,480 / 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 The Rosa

Does The Rosa have a waiting list?

The Rosa 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 The Rosa?

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 The Rosa?

The Rosa is managed by Enterprise Residential headquartered in Baltimore, MD.

In addition to The Rosa, how many other affordable housing properties (and units) are there in Richmond?

In addition to The Rosa, 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.