William Byrd Senior Apartments

2501 W Broad St, Richmond, Virginia 23220

The historic William Byrd Hotel, was built in 1925 to serve the needs of travelers to Richmond via the trains at the now historic Broad Street Station. In 1996, it became The William Byrd Apartments after renovations and was listed on the state and federal register as an historic landmark. The property offers 1-bedroom apartment homes for seniors age 55 and older. Each unit features a fully-equipped kitchen, decorative vinyl flooring, oversized windows, emergency pull-cords, individually controlled heating/cooling system, and free utilities with the exception of telephone, cable, and internet service. Property amenities include key fob building entry, elevator access, on-site laundry facility, courtesy van with scheduled outings, and large activity areas on the 1st, 2nd, and 12th floors. The community is convenient to GRTC stops, restaurants, museums, shopping, medical and worship centers.

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

Eligibility for William Byrd Senior Apartments

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 William Byrd Senior Apartments.

AMI Band	1 Person	2 Person
30%	$22,400	$25,600
50%	$37,350	$42,650

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 William Byrd Senior Apartments.

AMI Band	1 Person	2 Person
Very Low Income (50%)	$37,350	$42,650
Low Income (60%)	$44,820	$51,180

William Byrd Senior Apartments Details

104 one bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program

Property Amenities

Elevator
Community Room
24hr Emergency Maintenance
Emergency Pull Cord
Resident lounges
Secured Entry
Barber Shop and Beauty Salon
Shuttle Bus
Historic Renovation
Laundry Facility
On-Site Laundry

Unit Amenities

Utilities Included
Programmable Thermostats
Fully Equipped Kitchen
Oversized Windows
vinyl tile flooring

Nearby Amenities

Close to Public Transportation
Near Shopping
Near Restaurants

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.