Gateway Village

303 Knob Street, Rich Creek, Virginia 24147

Contact Gateway Village

Gateway Village is a beautiful 42 unit apartment community tucked on a hillside in Rich Creek, Virginia. Our garden apartment buildings are brick faced and each contains eight apartments with four upstairs and four downstairs.

Our apartment community was renovated in 2005 and all appliances and heat and air conditioning systems were updated.

The property has very high efficiency heat and air conditioning units as well as Energy Star appliances and windows that significantly reduces residents utility costs.

We also have a great playground for the kids and a picnic area for the whole family.

Come by today and see how great living at Gateway Village can be for you and your family.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	700	Income Based
2 Bedroom (2/1)	900	Income Based

Eligibility for Gateway Village

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 Rich Creek but actual income limits may differ for units at Gateway Village.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$24,950	$28,500	$32,050	$35,600
Low Income (60%)	$29,940	$34,200	$38,460	$42,720

Gateway Village Details

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

Property Amenities

Playground
Basketball Court
Laundry Room
24hr Emergency Maintenance
Off-Street Parking
Rural Area

Unit Amenities

Air Conditioning
Handicapped Accessible
All Appliances included
Dishwasher
Garbage Disposal
Cable and Satellite TV
Walk-in Closet(s)
Window Coverings
Carpet
Hardwood Floors
Patio Deck Or Balcony
Scenic View

Nearby Amenities

Close to Business District
Close to Dining
Close to Downtown District
Close to Shopping
Near Library
Near Park

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.