Cypress Landing

40 Knell's Ridge Blvd, Chesapeake, Virginia 23320

Contact Cypress Landing

Cypress Landing is a community for homeless and disabled low-income veterans that offers 1-bedroom and 2-bedroom floor plans. Each unit includes covered balcony, washer/dryer, and Energy Star appliances. Twenty-five (25) apartments are fully accessible, three (3) units are sensory accessible, and the remaining apartments are universally designed. Community amenities include a community room with kitchen, fitness room, outdoor patio with grilling station, and community garden. Cypress Landing residents are provided with case management and additional supportive services through the local Veterans Administration Center.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price
Two Bedroom (2/1)	-	Call for Price

Eligibility for Cypress Landing

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 Chesapeake but actual income limits may differ for units at Cypress Landing.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$34,650	$39,600	$44,550	$49,500

Cypress Landing Details

50 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program

Property Amenities

Fitness Center
Community Room
On-Site Manager
Grilling Area
Energy Star Appliances
Community Garden
Courtyard
Community Kitchen

Unit Amenities

Balconies or Patios Available
Washer and Dryer Included

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.

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.