About This Property
Parkwood Place comprises 4 three-bedroom units designated for low-income families in Richmond, VA. The property has been in service since 1994 and operates under 9% Low-Income Housing Tax Credit financing. Interested parties can contact the property management for additional information regarding availability and lease terms.
Waitlist Information
Waitlist managed by Virginia Housing Development Authority
Applications are accepted online when the waitlist is open, and residency preference may apply.
The waiting list is currently closed. Applications must be submitted online when the waitlist opens. Local housing agencies advertise openings in local newspapers and on the website.
Waitlist data provided by section8waitlist.org
Updated September 5, 2026
Property Details
Fair Market Rent - Richmond City 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 - Richmond City 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Richmond, VA?+
The Fair Market Rent (FMR) for Richmond City County, VA is: $1328 (Studio), $1365 (1BR), $1532 (2BR), $1959 (3BR), $2393 (4BR). Actual rent at subsidized properties like Parkwood Place is typically 30% of household income or less.
What size apartments are available at Parkwood Place?+
Parkwood Place offers the following unit types: 4 Three-Bedroom units, for a total of 4 units.
What is the price range for apartments in Richmond, VA?+
Based on Fair Market Rent for Richmond City County, the estimated price range is: 3-bedroom: $1959. Actual rent at Parkwood Place may be lower for income-eligible households.
What are the income limits for affordable housing in Richmond City County, VA?+
For a 4-person household in Richmond City 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.
Who manages Parkwood Place?+
Parkwood Place is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Parkwood Place?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. 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 Parkwood Place?+
Parkwood Place primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Parkwood Place?+
Parkwood Place 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.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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