Tranquility at the Lakes

5827 Burton Station Rd, Virginia Beach, VA 51810

Waiting List Forecast: Likely Short or None

check_circleVerified for 2024 by Lorena Bentley, Colleen Carter, Ric Gresia

Rent	Beds	Baths	SqFt
Call for Rents^†	1 - 2 Beds	1 Bath	-

Call (757) 460-0100 Email

Waitlist Forecast

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.

Tranquility at the Lakes is located in northwest Virginia Beach and offers affordable senior living in the historic Burton Station neighborhood. The community offers 1-bedroom and 2-bedroom floorplans and is designed and built to EarthCraft Platinum standards to improve health, comfort, and energy efficiency.

Dave's Thoughts On Tranquility at the Lakes

Because Tranquility at the Lakes 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. Because of the LIHTC program, additional units are set aside for households earning 50% or less of the AMI with corresponding lower rent caps.

~ Dave Layfield, Founder of Affordable Housing Online

Tranquility at the Lakes Amenities

Community Room
Energy Efficient Design
Laundry Facility

Units at Tranquility at the Lakes

Unit (Bd/Ba)	Ft²	Rent
One Bed One Bath (1/1)	-	Call for Price^†
Two Bedroom One Bath (2/1)	-	Call for Price^†

Income Qualification for Tranquility at the Lakes

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people
30% AMI for PBRA Units	$20,800 / year	$23,800 / year	$26,750 / year	$30,000 / year
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
80% AMI for PBRA Units	$55,450 / year	$63,400 / year	$71,300 / year	$79,200 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Tranquility at the Lakes

Does Tranquility at the Lakes have a waiting list?

Tranquility at the Lakes 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 Tranquility at the Lakes?

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 Tranquility at the Lakes?

Tranquility at the Lakes is managed by Community Housing Partners headquartered in Christiansburg, Virginia.

In addition to Tranquility at the Lakes, how many other affordable housing properties (and units) are there in Virginia Beach?

In addition to Tranquility at the Lakes, 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 Tranquility at the Lakes listing last updated?

Tranquility at the Lakes listing on Affordable Housing Online was last updated on 06/11/2024 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.