Tranquility at the Lakes

5827 Burton Station Rd, Virginia Beach, Virginia 51810

Contact Tranquility at the Lakes

Tranquility at the Lakes is located in northwest Virginia Beach and offers affordable senior living in the historic Burton Station neighborhood. The community offers 1-bedroom and 2-bedroom floorplans and is designed and built to EarthCraft Platinum standards to improve health, comfort, and energy efficiency.

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

Eligibility for Tranquility at the Lakes

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 Virginia Beach but actual income limits may differ for units at Tranquility at the Lakes.

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

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 Virginia Beach but actual income limits may differ for units at Tranquility at the Lakes.

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

Tranquility at the Lakes Details

40 one and two bedroom units.
HOME Investment Partnerships Program
Low-Income Housing Tax Credit (LIHTC)
Section 8 Project-Based Voucher (PBV)

Property Amenities

Community Room
Energy Efficient Design
Laundry Facility

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.

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.