Phelps Road Place Apartments

190 Phelps Road, Madison Heights, Virginia 24572

Contact Phelps Road Place Apartments

With convenient access to Route 29, Phelps Road Apartments provides one, two, and three bedroom accessible housing for people with impairments. 11 units are Universal Federal Accessibility Standards Compliant. The entire site is ADA compliant. Greater Lynchburg Transit Company provides routine bus services right outside the front door.

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 Phelps Road Place Apartments

Phelps Road Place Apartments Details

22 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Community Room
Off-Street Parking
Community Garden
Coin-Operated Laundry
Accessible Apartments

Unit Amenities

Dishwasher
Microwave
Refrigerator
Oven and Range
Central Heat & Air
Stove
Fully Equipped Kitchen

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.