5020 Lynnhaven Pkwy, Virginia Beach, VA 23464
Waiting List Forecast: Likely Short or None
Verified for 2018 by Colleen Carter, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 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.
Welcome to Lynnhaven Cove! Tucked away in a landscaped setting on the banks of Stumpy Lake in the heart of Virginia Beach, Lynnhaven Cove offers its residents convenience and comfort. Lynnhaven Cove is a distinctive community with easy access to restaurants, shopping and other urban amenities.
You will be able to relax in our beautiful community room with fireplace. You will be able to dabble in old hobbies or learn new skills in our arts and crafts room. You can improve upon your computer skills in the computer room or you can get started on your own personal fitness program in our fitness center. Our Activity Director is available and happy to assist you.
Lynnhaven Cove residents have the added bonus of a clothes care center on premises. Plus, the additional convenience of indoor mailboxes, elevators, a beauty salon and multiple activity rooms.
Our large apartments are designed for spacious living. Each enjoys a fully-equipped kitchen, intrusion system, private satellite TV system, emergency call system, and so much more.
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 Lynnhaven Cove Senior Living Community 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | - | Call for Price† |
| 2 Bedroom (2/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $34,650 / year | $39,600 / year | $44,550 / year | $49,500 / year |
| 50% AMI for PBRA Units | $34,650 / year | $39,600 / year | $44,550 / year | $49,500 / year |
| 60% AMI for LIHTC Units | $41,580 / year | $47,520 / year | $53,460 / year | $59,400 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Lynnhaven Cove Senior Living Community have a waiting list?
Lynnhaven Cove Senior Living Community 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 Lynnhaven Cove Senior Living Community?
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 Lynnhaven Cove Senior Living Community?
Lynnhaven Cove Senior Living Community is managed by The Franklin Johnston Group headquartered in Virginia Beach, VA.
In addition to Lynnhaven Cove Senior Living Community, how many other affordable housing properties (and units) are there in Virginia Beach?
In addition to Lynnhaven Cove Senior Living Community, we list 113 other affordable properties in Virginia Beach. Learn about these properties here. Our data research shows that there are a total of 4393 affordable units in Virginia Beach.
741 Gourmet Way, Virginia Beach, Virginia 23462
1235 Friendship Sq , Virginia Beach, Virginia 23451
999 Atlantis Dr, Virginia Beach, Virginia 23451
Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Judy Robinson Fiebiger says:
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