Windemere Apartments

125 Wallace St, Lexington, Virginia 24450

Contact Windemere Apartments

Windemere is an affordable income-based apartment community located in Lexington that offers 1-bedroom apartment homes for seniors age 62 and older. Each unit comes cable ready and features energy efficient appliances, window coverings, and an electronic thermostat. The community is conveniently located near delectable dining at Kenny's, groceries from Farm To You, the Virginia Military Institute Museum and the Lexington Recreation & Parks.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	500	Call for Price

Eligibility for Windemere Apartments

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 Lexington but actual income limits may differ for units at Windemere Apartments.

AMI Band	1 Person	2 Person
30%	$15,200	$19,720
50%	$25,350	$29,000
80%	$40,550	$46,350

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 Lexington but actual income limits may differ for units at Windemere Apartments.

AMI Band	1 Person	2 Person
Very Low Income (50%)	$25,350	$29,000
Low Income (60%)	$30,420	$34,800

Windemere Apartments Details

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

Property Amenities

Laundry Facilities

Unit Amenities

Air Conditioning
Ceiling Fan(s)
Dishwasher
Cable Ready
Window Coverings
Carpet
Refrigerator
Energy Efficient Appliances

Office Hours

Day	Hours
Monday	9:00am-5:00pm
Tuesday	9:00am-5:00pm
Wednesday	9:00am-5:00pm
Thursday	9:00am-5:00pm

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.