Birch Island I & II

10322 Penny Lane Rt. 1, Wakefield, Virginia 23888

Contact Birch Island I & II

Birch Island I & II in Wakefield, VA is ready to be your home. This community is located in Wakefield on Penny Lane less than a mile from the famous Virginia Diner. This community offers 1- and 2-bedrooms and many amenities including on-site laundry and a playground.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	601	Call for Price
Two Bedroom (1/1)	780	Call for Price

Eligibility for Birch Island 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 Wakefield but actual income limits may differ for units at Birch Island I & II.

AMI Band	1 Person	2 Person	3 Person	4 Person
30%	$31,650	$36,200	$40,700	$45,200
50%	$52,750	$60,300	$67,850	$75,350
80%	$66,750	$76,250	$85,800	$95,300

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 Wakefield but actual income limits may differ for units at Birch Island I & II.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$52,750	$60,300	$67,850	$75,350
Low Income (60%)	$63,300	$72,360	$81,420	$90,420

Birch Island I & II Details

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

Property Amenities

Playground
Community Room
Garage
Laundry Facilities

Unit Amenities

Air Conditioning
Ceiling Fan(s)
Dishwasher
Cable Ready
Carpet
Refrigerator

Office Hours

Day	Hours
Monday	8:30am-5:00pm
Tuesday	8:30am-5:00pm
Wednesday	8:30am-5:00pm
Thursday	8:30am-5:00pm
Friday	8:30am-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.

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.

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.