Reese Village

311 Bond Court, Emporia, Virginia 23847

Contact Reese Village

Reese Village Apartments is a 40-unit income based complex, offering 1- and 2-bedroom units, is designated for individuals or families interested in apartment living. It is energy-efficient with central heat, air, and fully carpeted. These apartments are equipped with a range, refrigerator, ceiling fans, window blinds, and have generous closet and cabinet space. Additionally, designated units offer the latest in barrier-free housing. Wheelchair ramps and specially designated kitchen and bathroom facilities are easily accessible for the physically challenged. This newly renovated community is located near town and close to shopping centers, restaurants, schools and public transportation. On-site laundry facility and a playground are also offered.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	750	Call for Price
Two Bedroom (2/1)	899	Call for Price

Eligibility for Reese Village

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 Emporia but actual income limits may differ for units at Reese Village.

AMI Band	1 Person	2 Person	3 Person	4 Person
30%	$14,850	$19,720	$24,860	$30,000
50%	$24,750	$28,250	$31,800	$35,300
80%	$39,550	$45,200	$50,850	$56,500

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 Emporia but actual income limits may differ for units at Reese Village.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$24,750	$28,250	$31,800	$35,300
Low Income (60%)	$29,700	$33,900	$38,160	$42,360

Reese Village Details

40 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance

Property Amenities

Playground
Community Room
Laundry Room
On-Site Parking

Unit Amenities

Air Conditioning
All Appliances included
Window Coverings
Carpet
Hardwood Floors
Cable & Internet Ready

Nearby Amenities

Close to Dining
Close to Public Transportation
Close to Shopping
Near Hospital
Near Library
Near Schools

Office Hours

Day	Hours
Monday	8:00am-4:30pm
Tuesday	8:00am-4:30pm
Wednesday	8:00am-4:30pm
Thursday	8:00am-4:30pm
Friday	8:00am-4:30pm

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 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.

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.