1900 Venable Street, Richmond, VA 23223
Waiting List Forecast: Likely Short or None
Verified for 2020 by Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
This project has been funded and will begin construction soon.
Construction is set to start in 2019 with projected move-ins occurring in 2021. We will update this page as we get more information on the progress of this project including information on how to apply for residence once construction is complete. Please check back regularly.
A vacant wooded lot at the edge of Shockoe Bottom is being primed for an apartment development.
Genesis Properties is preparing to break ground this summer on a $26 million, five-story project on a 3.6-acre L-shaped parcel at 1900 Venable St.
Plans call for 151 apartments with 72 one-bedroom, 68 two-bedroom and 11 three-bedroom units.
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 Venable Street Development 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
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 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 |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Venable Street Development have a waiting list?
Venable Street Development 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 Venable Street Development?
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 Venable Street Development?
Venable Street Development is managed by Genesis Properties Inc. headquartered in Richmond, VA.
In addition to Venable Street Development, how many other affordable housing properties (and units) are there in Richmond?
In addition to Venable Street Development, 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
4325 Crutchfield St , Richmond, Virginia 23225
Even if it looks difficult to get housing, apply anyway.
Some factors make it look like a longshot to get housing. Any waiting list opening is a legitimate chance to get housing, no mattter how long it takes.Vickie Fields-Byrd says:
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