Market Square III

7101 Bensley Commons Lane, Richmond, Virginia 23237

Contact Market Square III

Located in North Chesterfield, Market Square III offers a variety of one- and two-bedroom apartments and cottages. Located on the Winchester Greens campus, this 55 and older senior community provides attractive, convenient, affordable homes with many amenities, including a community room and lounge with fireplace, on-site laundry, off-street parking and landscaped courtyards. Washer/Dryer available (cottages only). Residents also enjoy conveniences such as The Bermuda Health Care Center, banks, and restaurants located next to our community. Short drive from grocery stores and entertainment.

Eligibility for Market Square III

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 Richmond but actual income limits may differ for units at Market Square III.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$37,350	$42,650	$48,000	$53,300	$57,600	$61,850	$66,100	$70,400
Low Income (60%)	$44,820	$51,180	$57,600	$63,960	$69,120	$74,220	$79,320	$84,480

Market Square III Details

69 bedroom units.
Low-Income Housing Tax Credit (LIHTC)

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.