Cedar Street

545 Cedar Street , Smithfield, Virginia 23430

Contact Cedar Street

Welcome to Cedar Street Apartments, an affordable apartment community featuring spacious 2-bedroom residences in the heart of historic downtown Smithfield.

Smithfield boasts a quaint, small-town atmosphere along the picturesque Pagan River. Downtown Smithfield is a treasure trove of independent shops, mouthwatering restaurants, inviting cafes, and vibrant art galleries housed in beautifully preserved historic buildings along charming Main Street. Additionally, Smithfield is conveniently located within an hour's drive of popular destinations such as Virginia Beach, Norfolk, and Newport News.

Unit (Bd/Ba)	Ft²	Rent
Two Bedroom (2/1)	632	Call for Price

Eligibility for Cedar Street

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 Smithfield but actual income limits may differ for units at Cedar Street.

AMI Band	1 Person	2 Person	3 Person	4 Person
30%	$20,800	$23,800	$26,750	$30,000
50%	$34,650	$39,600	$44,550	$49,500
80%	$55,450	$63,400	$71,300	$79,200

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 Smithfield but actual income limits may differ for units at Cedar Street.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$34,650	$39,600	$44,550	$49,500
Low Income (60%)	$41,580	$47,520	$53,460	$59,400

Cedar Street Details

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

Property Amenities

Playground
Off-Street Parking
Laundry Facilities

Unit Amenities

Air Conditioning
Ceiling Fan(s)
Dishwasher
Cable Ready
Carpet
Refrigerator
Balconies or Patios Available

Office Hours

Day	Hours
Monday	8:00am-4:30pm
Tuesday	8:00am-4:30pm
Wednesday	8:00am-4:30pm
Thursday	8:00am-4:30pm
Friday	8:00am-4:30pm

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.