Timberland Park offers affordable 2-bedroom and 3-bedroom apartment homes that each come with a fully furnished kitchen, washer and dryer connections, and generous walk-in closets. The clubhouse offers a business center and a cozy meeting room area with a café and there is a on-site playground. The community is located off I-64 & Old Lynchburg Road and accessible to multiple dining & retail options and minutes away from Azalea Park and Albemarle County Department of Social Services.
Pet Policy: Service Animals, Emotional Support Animals, or Companion Animals must have additional paperwork provided. Contact the leasing office for more details.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Two Bedroom (2/2) | 866 | Call for Price |
Three Bedroom (3/2) | 1030 | From $1,308 To $1,698 |
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Charlottesville but actual income limits may differ for units at Timberland Park.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
30% | $23,350 | $26,650 | $30,000 | $33,300 | $36,000 | $40,280 |
50% | $38,850 | $44,400 | $49,950 | $55,500 | $59,950 | $64,400 |
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Charlottesville but actual income limits may differ for units at Timberland Park.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $38,850 | $44,400 | $49,950 | $55,500 | $59,950 | $64,400 |
Low Income (60%) | $46,620 | $53,280 | $59,940 | $66,600 | $71,940 | $77,280 |
Day | Hours |
---|---|
Monday | 9:00am-5:00pm |
Tuesday | 9:00am-5:00pm |
Wednesday | 9:00am-5:00pm |
Thursday | 9:00am-5:00pm |
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 538 is an affordable rural rental housing program for households earning incomes at or below 115% of the area median income.