Parkview Gardens

204 Parkview Dr, Farmville, Virginia 23901

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Welcome to Parkview Gardens! Located in rural Farmville, Virginia, this community incorporates sustainability, visitability and affordability.

Parkview Gardens underwent an extensive renovation in 2012 with numerous upgrades designed by CHP Design Studio and built by CHP Construction. Improvements include the installation of all-new windows, exterior doors, kitchen and bath cabinets, tub/shower units, toilets, ranges, range hoods, refrigerators, water heaters, and marmoleum flooring, as well as the installation of new roofs, gutters, and downspouts. Other improvements include the repair of breezeway stairs, fresh interior painting, and resurfacing of the parking lot.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	Call for Price
2 Bedroom (2/1)	-	Call for Price
3 Bedroom (3/1)	-	Call for Price

Eligibility for Parkview Gardens

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 Farmville but actual income limits may differ for units at Parkview Gardens.

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
80%	$62,200	$71,050	$79,950	$88,800	$95,950	$103,050

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 Farmville but actual income limits may differ for units at Parkview Gardens.

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

Parkview Gardens Details

80 one, two and three bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program
Section 221 (d) (3)

Property Amenities

Playground
Basketball Court
Community Room
Laundry Centers
Energy Star Appliances
Community Garden

Unit Amenities

Handicapped Accessible
Energy Efficient Light Fixtures

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.