The Rosa

744 N 2nd St, Richmond, Virginia 23219

The Rosa, located in the historic Jackson Ward, is an affordable community for adults aged 62 years and better. Community amenities include a business center, arts & crafts center, outdoor patio space, laundry facilities, and an elevator.

Pet Policy: One (1) pet up to 50 lbs is allowed per apartment home at The Rosa. A one-time, non-refundable $250 pet fee is required. Breed restrictions apply.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	560	From $923

This property is currently under construction.

Leasing is expected to start October 2019.

Eligibility for The Rosa

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 Richmond but actual income limits may differ for units at The Rosa.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$22,400	$25,600	$28,800	$32,000	$35,140	$40,280	$45,420	$50,560
50%	$37,350	$42,650	$48,000	$53,300	$57,600	$61,850	$66,100	$70,400

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 Richmond but actual income limits may differ for units at The Rosa.

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

The Rosa Details

72 one bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Rental Assistance Demonstration (RAD)

Property Amenities

Elevator
Fitness Center
Community Room
Business Center
On-Site Manager
24hr Emergency Maintenance
Off-Street Parking
On-Site Maintenance
Laundry Facilities
Courtyard
Community Kitchen

Office Hours

Day	Hours
Monday	9:00am-5:00pm
Tuesday	9:00am-5:00pm
Wednesday	11:00am-5:00pm
Thursday	9:00am-5:00pm
Friday	9:00am-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.

Rental Assistance Demonstration (RAD)

Since this property is subsidized in part through the Rental Assistance Demonstration (RAD), some apartments may have Section 8 Project-Based Rental Assistance (PBRA) or Section 8 Project-Based Vouchers (PBV). With either type of subsidy, tenant rent payments are 30% of their adjusted monthly income. Households earning less than 80% of the area median income may qualify for PBRA or PBV reduced rents. Some of these subsidized apartments may be reserved for extremely low-income households earning less than 30% of the area median income. If the apartment has a PBV, the tenant may qualify for a Section 8 Housing Choice Voucher (HCV) after living there at least one year. Some rental units in this property may not have PBRA or PBV subsidies and therefore may have higher rents.