Malvern Hill

426 King St, Portsmouth, Virginia 23704

Contact Malvern Hill

Malvern Hill is at the heart of the City Center of Portsmouth, Virginia! Take the opportunity for exploring three centuries of historic neighborhoods. There is no short supply of restaurants, antique shops, boutiques or art to enjoy. This community offers 1-bedroom units.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	573	Call for Price

Eligibility for Malvern Hill

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 Malvern Hill.

AMI Band	1 Person	2 Person
30%	$20,800	$23,800
50%	$34,650	$39,600
80%	$55,450	$63,400

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 Malvern Hill.

AMI Band	1 Person	2 Person
Very Low Income (50%)	$34,650	$39,600
Low Income (60%)	$41,580	$47,520

Malvern Hill Details

55 one bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Elevator
Off-Street Parking
Bicycle Storage
Laundry Facilities

Unit Amenities

Air Conditioning
Ceiling Fan(s)
Cable Ready
Refrigerator
Energy Efficient Appliances

Office Hours

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

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.