Friendship Village Apartments

1235 Friendship Sq , Virginia Beach, Virginia 23451

Located in Virginia Beach, Virginia, the 110-unit Friendship Village is a multifamily community rented to low-income households. Friendship Village underwent an extensive rehabilitation in 2011 with improvements such as energy-efficient mechanical systems, appliances, and lighting; water-efficient bathroom fixtures; EnergyStar® windows; low-VOC paints and finishes; native landscaping; and all-new kitchen cabinets, flooring, and roofing.

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Waiting List is Closed

Thank you for your interest. At this time, the waiting list at our community is closed. Please contact our Leasing Center for information on upcoming availability.

Last updated on February 5th, 2019

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price
2 Bedroom (2/1) - Call for Price
3 Bedroom (3/1) - Call for Price
4 Bedroom (4/1) - Call for Price
5 Bedroom (5/1) - Call for Price

Friendship Village Apartments Details

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

Property Amenities

  • Playground
  • Computer Lab
  • Community Room

Unit Amenities

  • Energy-Efficient Lighting and Windows

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 Friendship Village Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $19,650 $22,450 $25,250 $28,050 $32,470 $37,190 $41,910 $46,630
50% $32,750 $37,400 $42,100 $46,750 $50,500 $54,250 $58,000 $61,750
80% $52,400 $59,850 $67,350 $74,800 $80,800 $86,800 $92,800 $98,750

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 Friendship Village Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $32,750 $37,400 $42,100 $46,750 $50,500 $54,250 $58,000 $61,750
Low Income (60%) $39,300 $44,880 $50,520 $56,100 $60,600 $65,100 $69,600 $74,100

Friendship Village Apartments is managed by Community Housing Partners.

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Image of Friendship Village Apartments
Image of Friendship Village Apartments

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