Stephens Village

390 Stickley Drive, Stephens City, Virginia 22655

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Message Stephens Village

Stephens Village is managed by TM Associates Management, Inc.

Stephens Village is an affordable apartment community located in Stephens City, VA that offers 1- and 2-bedroom apartments. The community is conveniently located near delicious cuisine of Roma Casual Italian and Greek Restaurant, a fresh brewed coffee at Sunflower Cottage, groceries from Martin's Food, the Kernstown Battlefield and the Newtown History Center.

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

Eligibility for Stephens Village

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 Stephens City but actual income limits may differ for units at Stephens Village.

AMI Band 1 Person 2 Person 3 Person 4 Person
30% $20,250 $23,150 $26,050 $30,000
50% $33,750 $38,550 $43,350 $48,150
80% $53,950 $61,650 $69,350 $77,050

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 Stephens City but actual income limits may differ for units at Stephens Village.

AMI Band 1 Person 2 Person 3 Person 4 Person
Very Low Income (50%) $33,750 $38,550 $43,350 $48,150
Low Income (60%) $40,500 $46,260 $52,020 $57,780

Stephens Village Details

  • 46 one and two bedroom units.
  • Garden
  • Section 515 Rural Rental Housing
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 521 USDA Rental Assistance

Property Amenities

  • Playground
  • On-Site Manager
  • Off-Street Parking
  • On-Site Maintenance
  • Laundry Facilities

Unit Amenities

  • Air Conditioning
  • Ceiling Fan(s)
  • Dishwasher
  • Cable Ready
  • Window Coverings
  • Carpet
  • Refrigerator
  • Large Closets

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
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.

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 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.

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