The Townes at River South I & II
214 E 9th Street, Richmond, Virginia 23224
Contact The Townes at River South I & II
The Townes at River South I & II is managed by TM Associates Management, Inc.
Townes at River South is an affordable apartment community offering 1-, 2-, 3-, and 4-bedroom units. This community offers a laundry facility and a playground for residents.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Two Bedroom (2/1.5) | - | Call for Price |
| Three Bedroom (3/2.5) | - | Call for Price |
| Four Bedroom (4/2.5) | - | Call for Price |
Waiting List is Open Now
Currently accepting waiting list applications. Estimated wait tie is three (3) to six (6) months.
Last updated on November 21st, 2018Eligibility for The Townes at River South I & II
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 Townes at River South I & II.
| 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 |
| 80% | $59,750 | $68,250 | $76,800 | $85,300 | $92,150 | $98,950 | $105,800 | $112,600 |
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 Townes at River South I & II.
| 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 Townes at River South I & II Details
- 161 two, three and four bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
- Section 8 Project-Based Rental Assistance (PBRA)
Property Amenities
- Playground
- Laundry Facilities
- Smoke Free
- High Speed Internet Access
Unit Amenities
- Dishwasher
- Garbage Disposal
- Washer and Dryer Hookup
- Carpet
- Refrigerator
- Oven and Range
- Heat and Air
Office Hours
| Day | Hours |
|---|---|
| Monday | 9:00am-5:00pm |
| Tuesday | 9:00am-5:00pm |
| Wednesday | 9:00am-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.
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.
Nearby Low Income Apartment Communities like The Townes at River South I & II
Charnwood Forest
Randolph Village
Henrico Arms Apartments
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