Abingdon Terrace Apartments

530 Lowry Dr SW, Abingdon, Virginia 24210

Contact Abingdon Terrace Apartments

Abingdon Terrace Apartments in Abingdon, Virginia, were designed specifically to meet the needs of those 62 years of age and over and disabled or handicapped individuals aged 18 and over. Many welcome conveniences can be found at Abingdon Terrace, including:

All living accommodations on one level
Private porch on each unit
Range, refrigerator and dishwasher provided
Grab bars in bath area
Emergency notification switches in each unit
Individually controlled heating/cooling units in each residence
Monthly pest control
Trash collection on site
Water and sewer included in rent
Community laundry facilities that are easily accessible
Spacious community center and outside common areas for planned social and recreational activities
Picnic tables and benches on site
Conveniently located to health services, shopping and dining
Local transit system available

At Abingdon Terrace, your rents are affordable! Rent is based on 30% of your net income (gross income less approved, documented medical expenses over 3% of your gross income). You must apply (see link below), meet tenant eligibility requirements, pass a background check and be income eligible to qualify.

Call today to find out about availability and qualification criteria.

Eligibility for Abingdon Terrace Apartments

Abingdon Terrace Apartments Details

44 bedroom units.
Section 515 Rural Rental Housing
HOME Investment Partnerships Program
Low-Income Housing Tax Credit (LIHTC)
Section 521 USDA Rental Assistance

Property Amenities

BBQ and Picnic Area
Community Room
Pest Control
Laundry Facilities

Unit Amenities

Dishwasher
Oven and Range
Sewer Included
Trash Included
Water Included
Bathroom Grab Bars
Private Porch
Heat and Air

Nearby Amenities

Close to Shopping

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.