King Square/Phoebus Square

606 Phoebus St, Portsmouth, Virginia 23704

Contact King Square/Phoebus Square

King Square consists of 57 units and was completed in December 2007. The development consists of 8 one-bedroom, 34 two-bedroom, and 15 three-bedroom units.

Phoebus Square located at Westbury, consists of 122 one-bedroom units that were completed in January 2010. The development is a senior living community that is bright, secure and packed with amenities.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom One Bath (1/1)	-	Call for Price
One Bedroom One Bath (Phoebus Square) (1/1)	-	Call for Price
Two Bedroom One Bath (2/1)	-	Call for Price
Three Bedroom One Bath (3/1)	-	Call for Price

Eligibility for King Square/Phoebus Square

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 Portsmouth but actual income limits may differ for units at King Square/Phoebus Square.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
50%	$34,650	$39,600	$44,550	$49,500	$53,500	$57,450

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 Portsmouth but actual income limits may differ for units at King Square/Phoebus Square.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$34,650	$39,600	$44,550	$49,500	$53,500	$57,450
Low Income (60%)	$41,580	$47,520	$53,460	$59,400	$64,200	$68,940

King Square/Phoebus Square Details

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

Property Amenities

On-Site Parking
Landscaping

Office Hours

Day	Hours
Monday	8:30am-5:00pm
Tuesday	8:30am-5:00pm
Wednesday	8:30am-5:00pm
Thursday	8:30am-5:00pm
Friday	8:30am-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.

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.