Washington Plaza Colony

21 E Leigh St, Richmond, VA 23219

Waiting List Forecast: Likely Short or None

check_circleVerified for 2021 by Lorena Bentley, Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	1 - 2 Beds	1 Bath	-

Call (804) 728-2122

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. 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.

Affordable housing. Enjoy peaceful living with 55+ year young neighbors in Richmond’s historic Jackson Ward. Converted in 2010 from the Booker T Washington School, our historic building has one of a kind 1 and 2 bedroom apartment homes – just 2 blocks from the Broad Street Art District. Convenient to restaurants, shops, grocery stores, and medical facilities. Free off-street parking, clubroom, wellness center and laundry facility makes Washington Plaza irresistible. Come home to Washington Plaza, downtown Richmond apartments!

Dave's Thoughts On Washington Plaza Colony

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 Washington Plaza Colony 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. 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

Washington Plaza Colony Amenities

Fitness Center
Clubhouse
Off-Street Parking
Laundry Facility

Units at Washington Plaza Colony

Unit (Bd/Ba)	Ft²	Rent
One Bed One Bath (1/1)	-	Call for Price^†
Two Bedroom One Bath (2/1)	-	Call for Price^†

Income Qualification for Washington Plaza Colony

*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
50% AMI for LIHTC Units	$37,350 / year	$42,650 / year	$48,000 / year	$53,300 / year
50% AMI for PBRA Units	$37,350 / year	$42,650 / year	$48,000 / year	$53,300 / year
60% AMI for LIHTC Units	$44,820 / year	$51,180 / year	$57,600 / year	$63,960 / year

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

FAQs for Washington Plaza Colony

Does Washington Plaza Colony have a waiting list?

Washington Plaza Colony 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 Washington Plaza Colony?

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 Washington Plaza Colony?

Washington Plaza Colony is managed by Colonial Management Services headquartered in Boynton Beach, Florida.

In addition to Washington Plaza Colony, how many other affordable housing properties (and units) are there in Richmond?

In addition to Washington Plaza Colony, 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.