Preston Place

124 Castlebridge Ct, Winchester, VA 22602

Waiting List Forecast: Likely Short or None

check_circleVerified for 2018 by Preston Place, Joshua Cappell
Rent Beds Baths SqFt
$858 - 986 per Month 2 - 3 Beds 2 Baths 1,000 - 1,320 Sq Ft
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Pets Allowed
check_circle  Affordable

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.

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.

Dave's Thoughts On Preston Place

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 Preston Place 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, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Preston Place Amenities

  • Fitness Center
  • Playground
  • Clubhouse
  • Pool
  • On-Site Parking
  • Dishwasher
  • Washer and Dryer Hookup
  • Cable Ready
  • Spacious Closets
  • Breakfast Bar
  • Laundry Centers
  • Online Payments Accepted
  • Central Heat & Air
  • Beautiful Landscape
  • Picnic Area
  • Private Patio and Balcony
  • Carpeted Bedroom

Units at Preston Place

Unit (Bd/Ba) Ft2 Rent
Two Bedroom Two Bath (2/2) 1000ft2 $858
Two Bedroom Two Bath TH (2/2) 1080ft2 $865
Three Bedroom Two Bath TH (3/2) 1200ft2 $986
Three Bedroom Two Bath (3/2) 1320ft2 $986

Income Qualification for Preston Place

*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 5 people 6 people
50% AMI for LIHTC Units $38,850 / year $44,400 / year $49,950 / year $55,500 / year $59,950 / year $64,400 / year
50% AMI for PBRA Units $38,850 / year $44,400 / year $49,950 / year $55,500 / year $59,950 / year $64,400 / year
60% AMI for LIHTC Units $46,620 / year $53,280 / year $59,940 / year $66,600 / year $71,940 / year $77,280 / year

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

FAQs for Preston Place

Does Preston Place have a waiting list?

Preston Place 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 Preston Place?

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 Preston Place?

Preston Place is managed by Grady Management Inc. headquartered in Silver Spring , Maryland.

In addition to Preston Place, how many other affordable housing properties (and units) are there in Winchester?

In addition to Preston Place, we list 19 other affordable properties in Winchester. Learn about these properties here. Our data research shows that there are a total of 493 affordable units in Winchester.

Listings Near Preston Place

Shenandoah Apartments

2527 Wilson Blvd, Winchester, Virginia 22601

switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Fay Street Apartments

121 Fay St, Winchester, Virginia 22602

bed 1-2
payment $1099-1250/mo.

Fort Collier Terrace

900-1024 N Braddock St, Winchester, Virginia 22601

bed 1-3
payment $1025-1680/mo.

Blue Ridge Apartments

2260 Wilson Blvd, Winchester, Virginia 22601

bed 2
payment $1375/mo.

PEMBERTON

660 Pemberton Dr, Winchester, Virginia 22601

bed 3
payment $1650/mo.

319 Gray Ave

319 Gray Ave, Winchester, Virginia 22601

bed 4
payment $1800/mo.
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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