5130 Leonardo Way, Virginia Beach, VA 23462
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Lorena Bentley, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $967 - 1,600 per Month† | 1 - 3 Beds | 1 - 2 Baths | 750 - 1,260 Sq Ft |
This property is currently under construction.
First phase is scheduled to be completed in 2020. We will update this page as we get more information on the progress of this project including information on how to apply for residence once construction is complete. Please check back regularly.
Renaissance Apartments is a brand new, affordable community offering one, two, and three bedroom apartment homes at an exceptional value. You will fall in love with the array of apartment features, including a fully-equipped kitchen with five-star appliances and an above range microwave, full-size washer/dryer, abundant interior storage, central heat and air conditioning, private patio or balcony, plush carpeting in the bedrooms and luxury vinyl planking throughout the remainder of the apartment. The community provides residents with variety of amenities including a luxury clubhouse, fitness center, swimming pool, playground and dog park – all with exceptional services provided by a professional management team.
Now Open! Please call or email for more information.
Email: renaissanceva-w@m.knck.io | Phone: (757) 904-1599
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 The Renaissance 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.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 750ft2 | $967 $1,350† |
| Two Bedroom (2/2) | 1070ft2 | $1,150 $1,495† |
| Three Bedroom (3/2) | 1260ft2 | $1,307 $1,600† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $34,650 / year | $39,600 / year | $44,550 / year | $49,500 / year | $53,500 / year | $57,450 / year |
| 50% AMI for PBRA Units | $34,650 / year | $39,600 / year | $44,550 / year | $49,500 / year | $53,500 / year | $57,450 / year |
| 60% AMI for LIHTC Units | $41,580 / year | $47,520 / year | $53,460 / year | $59,400 / year | $64,200 / year | $68,940 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Renaissance have a waiting list?
The Renaissance 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 The Renaissance?
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 The Renaissance?
The Renaissance is managed by The Franklin Johnston Group headquartered in Virginia Beach, VA.
In addition to The Renaissance, how many other affordable housing properties (and units) are there in Virginia Beach?
In addition to The Renaissance, 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.
When was the The Renaissance listing last updated?
The Renaissance listing on Affordable Housing Online was last updated on 05/01/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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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.Hope Brown says:
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