About This Property
Arbor Lake provides 126 low-income rental units in Chester, Virginia, serving families through a mix of one-, two-, and three-bedroom apartments. The community has been in operation since 1998 and includes 24 one-bedroom units, 68 two-bedroom units, and 34 three-bedroom units. The property is financed through a 9% Low-Income Housing Tax Credit allocation.
Property Details
Fair Market Rent - Chesterfield County, VA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,328 |
| 1 Bedroom | $1,365 |
| 2 Bedroom | $1,532 |
| 3 Bedroom | $1,959 |
| 4 Bedroom | $2,393 |
Income Limits - Chesterfield County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,900
- Very Low (50%)
- $31,500
- Low (80%)
- $50,400
- Extremely Low (30%)
- $21,600
- Very Low (50%)
- $36,000
- Low (80%)
- $57,600
- Extremely Low (30%)
- $24,300
- Very Low (50%)
- $40,500
- Low (80%)
- $64,800
- Extremely Low (30%)
- $27,000
- Very Low (50%)
- $45,000
- Low (80%)
- $72,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $48,600
- Low (80%)
- $77,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $52,200
- Low (80%)
- $83,550
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $55,800
- Low (80%)
- $89,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $59,400
- Low (80%)
- $95,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,900 | $31,500 | $50,400 |
| 2 Persons | $21,600 | $36,000 | $57,600 |
| 3 Persons | $24,300 | $40,500 | $64,800 |
| 4 Persons | $27,000 | $45,000 | $72,000 |
| 5 Persons | $31,040 | $48,600 | $77,800 |
| 6 Persons | $35,580 | $52,200 | $83,550 |
| 7 Persons | $40,120 | $55,800 | $89,300 |
| 8 Persons | $44,660 | $59,400 | $95,050 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Chester, VA?+
The Fair Market Rent (FMR) for Chesterfield County, VA is: $1328 (Studio), $1365 (1BR), $1532 (2BR), $1959 (3BR), $2393 (4BR). Actual rent at subsidized properties like Arbor Lake is typically 30% of household income or less.
What size apartments are available at Arbor Lake?+
Arbor Lake offers the following unit types: 24 One-Bedroom, 68 Two-Bedroom, 34 Three-Bedroom units, for a total of 126 units.
How do I apply for housing at Arbor Lake?+
Arbor Lake is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who manages Arbor Lake?+
Arbor Lake is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Arbor Lake?+
Arbor Lake primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Chesterfield County, VA?+
For a 4-person household in Chesterfield County, VA, the income limits are: Extremely Low Income (30% AMI): $27,000, Very Low Income (50% AMI): $45,000, Low Income (80% AMI): $72,000. These limits are set by HUD and updated annually.
What is the price range for apartments in Chester, VA?+
Based on Fair Market Rent for Chesterfield County, the estimated price range is: 1-bedroom: $1365, 2-bedroom: $1532, 3-bedroom: $1959. Actual rent at Arbor Lake may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Arbor Lake
Grand Oaks Seniors
Chester, VA
32 UnitsBroadwater Ii
Chester, VA
73 UnitsGrand Oaks Seniors
Chester, VA
32 UnitsMarket Square Iii
North Chesterfield, VA
69 UnitsIron Bridge Road
Chester, VA
80 UnitsMarket Square Ii
North Chesterfield, VA
42 Units