2501 W Broad St, Richmond, VA 23220
Waiting List Forecast: Likely Short or None
Verified for 2024 by Lorena Bentley, Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 1 Bath | - |
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.
The historic William Byrd Hotel, was built in 1925 to serve the needs of travelers to Richmond via the trains at the now historic Broad Street Station. In 1996, it became The William Byrd Apartments after renovations and was listed on the state and federal register as an historic landmark. The property offers 1-bedroom apartment homes for seniors age 55 and older. Each unit features a fully-equipped kitchen, decorative vinyl flooring, oversized windows, emergency pull-cords, individually controlled heating/cooling system, and free utilities with the exception of telephone, cable, and internet service. Property amenities include key fob building entry, elevator access, on-site laundry facility, courtesy van with scheduled outings, and large activity areas on the 1st, 2nd, and 12th floors. The community is convenient to GRTC stops, restaurants, museums, shopping, medical and worship centers.
Because William Byrd Senior Apartments participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price† |
| AMI* | 1 person | 2 people |
|---|---|---|
| 30% AMI for PBRA Units | $22,400 / year | $25,600 / year |
| 50% AMI for LIHTC Units | $37,350 / year | $42,650 / year |
| 50% AMI for PBRA Units | $37,350 / year | $42,650 / year |
| 60% AMI for LIHTC Units | $44,820 / year | $51,180 / year |
| 80% AMI for PBRA Units | $59,750 / year | $68,250 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does William Byrd Senior Apartments have a waiting list?
William Byrd Senior 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 William Byrd Senior 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 William Byrd Senior Apartments?
William Byrd Senior Apartments is managed by Project HOMES headquartered in Richmond, Virginia.
In addition to William Byrd Senior Apartments, how many other affordable housing properties (and units) are there in Richmond?
In addition to William Byrd Senior 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.
When was the William Byrd Senior Apartments listing last updated?
William Byrd Senior Apartments listing on Affordable Housing Online was last updated on 06/20/2024 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
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