Low Income (LIHTC)Opening Soon

Villa Terrace

2804 Waverly Way Apt 5, Norfolk, VA, 23504

Information verified November 4, 2026·We re-check waiting list status daily

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About This Property

Villa Terrace contains 81 two-bedroom units designated as low-income housing in Norfolk, VA. The property has been in service since 2003 and is financed through 9% Low-Income Housing Tax Credits. This community serves families seeking affordable rental options.

Waitlist Information

Waitlist managed by Norfolk Redevelopment & Housing Authority

Public Housing Waitlist

Closed

Apply: Online

Applicants must create a Yardi RentCafé account to apply for an open waitlist. Preferences include Norfolk residency (20 points), working (10 points, with conditions), and veteran status (5 points).

Last verified June 7, 2026

Section 8 (HCV) Waitlist

Opening Soon

Opens February 3, 2027

Closed March 3, 2027

Apply: Online

The waitlist will open for non-elderly applicants with disabilities transitioning out of institutional settings, those at serious risk of institutionalization, or those currently homeless or at risk of being homeless. Applicants must have incomes 50% or less of the Area Median Income to qualify.

Last verified July 9, 2026

Waitlist data provided by section8waitlist.org

Updated November 4, 2026

Property Details

Total Units

2 Bedroom

Income Limits - Norfolk County, VA

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $17,750
Very Low (50%): $29,600
Low (80%): $47,350

2 Persons

Extremely Low (30%): $20,300
Very Low (50%): $33,800
Low (80%): $54,100

3 Persons

Extremely Low (30%): $22,850
Very Low (50%): $38,050
Low (80%): $60,850

4 Persons

Extremely Low (30%): $26,500
Very Low (50%): $42,250
Low (80%): $67,600

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $45,650
Low (80%): $73,050

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $49,050
Low (80%): $78,450

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $52,400
Low (80%): $83,850

8 Persons

Extremely Low (30%): $44,660
Very Low (50%): $55,800
Low (80%): $89,250

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$17,750	$29,600	$47,350
2 Persons	$20,300	$33,800	$54,100
3 Persons	$22,850	$38,050	$60,850
4 Persons	$26,500	$42,250	$67,600
5 Persons	$31,040	$45,650	$73,050
6 Persons	$35,580	$49,050	$78,450
7 Persons	$40,120	$52,400	$83,850
8 Persons	$44,660	$55,800	$89,250

Tax Credit Program Details

Year Placed in Service

2003

LIHTC Credit Type

Low-Income Units

81 / 81

Target Population

Families

Designations

Qualified Census Tract

Frequently Asked Questions

What size apartments are available at Villa Terrace?+

Villa Terrace offers the following unit types: 81 Two-Bedroom units, for a total of 81 units.

What are the income limits for affordable housing in Norfolk County, VA?+

For a 4-person household in Norfolk County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,250, Low Income (80% AMI): $67,600. These limits are set by HUD and updated annually.

Is there a waitlist for Villa Terrace?+

Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Opening Soon and is expected to open for applications soon. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.

Who is eligible to live at Villa Terrace?+

Villa Terrace primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.

Who manages Villa Terrace?+

Villa Terrace is managed by . You can reach them at . Visit their website for more information.

How do I apply for housing at Villa Terrace?+

Villa Terrace 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.

Begin Application Now