Parkway Village I

About This Building

Affordable Housing Option in Waynesboro, VA: Parkway Village I Overview: Unveiling a Low-Income Housing Tax Credit apartment in Waynesboro, VA, Parkway Village I extends an affordable housing option to those in need. Supported by the LIHTC program, these rental apartments implement rent and income restrictions to accommodate low-income individuals. Let's explore further details. Income Restrictions and Rent: Magnifying their commitment to offering affordable housing to low-income individuals, Parkway Village I leverages the LIHTC incentives to incentivize builders and developers. Consequently, the maximum rent is adjusted based on the Area Median Income (AMI), which provides a benchmark for rental affordability. It is important to note that the AMI may render this apartment unaffordable to those with low incomes. Before considering relocation, it is advised to check the current rental rates to determine affordability. Apartment Details: Parkway Village I boasts a wide range of 126 low-income apartments, comprising one, two, and three bedrooms. However, it is important to acknowledge the prevalence of waiting lists for affordable housing these days. To ascertain eligibility, we provide the contact information for direct inquiries. Feel free to reach out to the provided number to explore if you can apply and qualify for a spot in this community. Acceptance of HUD Subsidies: Moreover, Parkway Village I willingly accepts HUD subsidies, thereby facilitating the accessibility of their apartments. For those who qualify for low-income housing and if available apartments align with your needs, rent will be calculated as 30% of your Adjusted Gross Income (AGI). For detailed information regarding this option, we recommend contacting them directly. Apartment Layouts: To cater to diverse housing needs, Parkway Village I presents the following apartment layouts: 1. One-Bedroom Apartments 2. Two-Bedroom Apartments 3. Three-Bedroom Apartments Conclusion: In conclusion, Parkway Village I in Waynesboro, VA, represents an affordable housing option thanks to its participation in the LIHTC program and acceptance of HUD subsidies. Although the AMI-based rent structure may present challenges for low-income individuals, it is advisable to contact them directly to explore eligibility and availability.