Preston Place Apartments and Townhomes are a remarkable blend of style and value. Almost everything is nearby, from schools to shopping, restaurants, parks and interstate highways. Conveniently located on Airport Drive one-half mile from the Winchester Regional Airport. Dulles Airport is also less than thirty minutes away. It's hard to find a more convenient location.
Last updated on February 24th, 2017
|Two Bedroom Two Bath (2/2)||1000||$858|
|Two Bedroom Two Bath TH (2/2)||1080||$865|
|Three Bedroom Two Bath TH (3/2)||1200||$986|
|Three Bedroom Two Bath (3/2)||1320||$986|
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.
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 Winchester but actual income limits may differ for units at Preston Place.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$32,900||$37,600||$42,300||$46,950||$50,750||$54,500||$58,250||$62,000|
|Low Income (60%)||$39,480||$45,120||$50,760||$56,340||$60,900||$65,400||$69,900||$74,400|
Preston Place is managed by Grady Management Inc..