Atlantis Apartments

999 Atlantis Dr, Virginia Beach, Virginia 23451

Build a sense of community at the top Section 8 housing facility in Virginia Beach. Atlantis Apartments offers spacious 1, 2, and 3 bedroom apartments, which include 8 handicap accessible units. The residents are always utilizing the community center and are involved in a number of programs. Join us for a tour and see for yourself what we have to offer!

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Waiting List is Open Now

The Atlantis Apartments waiting list is currently open until further notice. The estimated wait length is 6 months.

 

Last updated on December 11th, 2018

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 608 Call for Price
2 Bedroom (2/1) 777 Call for Price
3 Bedroom (3/1) 1191 Call for Price

Atlantis Apartments Details

  • 208 one, two and three bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Playground
  • Community Room
  • Laundry Facilities

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. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.

Virginia Beach 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 Virginia Beach but actual income limits may differ for units at Atlantis Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $17,750 $20,300 $22,850 $26,500 $31,040 $35,580 $40,120 $44,660
50% $29,600 $33,800 $38,050 $42,250 $45,650 $49,050 $52,400 $55,800
80% $47,350 $54,100 $60,850 $67,600 $73,050 $78,450 $83,850 $89,250

Virginia Beach 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 Virginia Beach but actual income limits may differ for units at Atlantis Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $29,600 $33,800 $38,050 $42,250 $45,650 $49,050 $52,400 $55,800
Low Income (60%) $35,520 $40,560 $45,660 $50,700 $54,780 $58,860 $62,880 $66,960

Atlantis Apartments is managed by The Michaels Organization.

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Image of Atlantis Apartments
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