About This Property
Kingsridge I offers 72 low-income units in Richmond, Virginia, consisting of 36 two-bedroom and 36 three-bedroom apartments designed to serve families. The property was placed in service in 2018 and utilizes 9% Low-Income Housing Tax Credits to maintain affordability. A non-profit organization owns and manages the community.
Waitlist Information
Waitlist managed by Virginia Housing Development Authority
Waitlists are open for RRHA senior (55 years and older, one-bedroom units) and public housing family communities (four-bedroom units).
Applications must be submitted online when the waitlist opens. Local housing agencies advertise openings in local newspapers and on the VirginiaHousing.com website.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Henrico County, VA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,328 |
| 1 Bedroom | $1,365 |
| 2 Bedroom | $1,532 |
| 3 Bedroom | $1,959 |
| 4 Bedroom | $2,393 |
Income Limits - Henrico County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,900
- Very Low (50%)
- $31,500
- Low (80%)
- $50,400
- Extremely Low (30%)
- $21,600
- Very Low (50%)
- $36,000
- Low (80%)
- $57,600
- Extremely Low (30%)
- $24,300
- Very Low (50%)
- $40,500
- Low (80%)
- $64,800
- Extremely Low (30%)
- $27,000
- Very Low (50%)
- $45,000
- Low (80%)
- $72,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $48,600
- Low (80%)
- $77,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $52,200
- Low (80%)
- $83,550
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $55,800
- Low (80%)
- $89,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $59,400
- Low (80%)
- $95,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,900 | $31,500 | $50,400 |
| 2 Persons | $21,600 | $36,000 | $57,600 |
| 3 Persons | $24,300 | $40,500 | $64,800 |
| 4 Persons | $27,000 | $45,000 | $72,000 |
| 5 Persons | $31,040 | $48,600 | $77,800 |
| 6 Persons | $35,580 | $52,200 | $83,550 |
| 7 Persons | $40,120 | $55,800 | $89,300 |
| 8 Persons | $44,660 | $59,400 | $95,050 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Richmond, VA?+
The Fair Market Rent (FMR) for Henrico County, VA is: $1328 (Studio), $1365 (1BR), $1532 (2BR), $1959 (3BR), $2393 (4BR). Actual rent at subsidized properties like Kingsridge I is typically 30% of household income or less.
What size apartments are available at Kingsridge I?+
Kingsridge I offers the following unit types: 36 Two-Bedroom, 36 Three-Bedroom units, for a total of 72 units.
Who is eligible to live at Kingsridge I?+
Kingsridge I primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Kingsridge I?+
Kingsridge I is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who manages Kingsridge I?+
Kingsridge I is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Richmond, VA?+
Based on Fair Market Rent for Henrico County, the estimated price range is: 2-bedroom: $1532, 3-bedroom: $1959. Actual rent at Kingsridge I may be lower for income-eligible households.
What are the income limits for affordable housing in Henrico County, VA?+
For a 4-person household in Henrico County, VA, the income limits are: Extremely Low Income (30% AMI): $27,000, Very Low Income (50% AMI): $45,000, Low Income (80% AMI): $72,000. These limits are set by HUD and updated annually.
Is there a waitlist for Kingsridge I?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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