About This Property
Townhomes of Oakleys comprises 160 low-income units in Richmond, Virginia, serving families with a mix of one-, two-, three-, and four-bedroom homes. The property, which has been in service since 2001, is funded through tax-exempt bonds and utilizes 4% Low-Income Housing Tax Credits. The community includes 8 one-bedroom, 112 two-bedroom, 36 three-bedroom, and 4 four-bedroom townhomes.
Waitlist Information
Waitlist managed by Virginia Housing Development Authority
Public Housing waitlists were last open from March 10, 2025, to April 10, 2025. Eligibility is based on annual income, senior/disability status, and U.S. citizenship/immigration status. Various bedroom sizes are offered in family communities. No announced opening for new applications.
The waiting list is currently closed. Applications must be submitted online when a waiting list opens. Local housing agencies advertise openings in local newspapers and on the VirginiaHousing.com website.
Waitlist data provided by section8waitlist.org
Updated April 17, 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 |
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 Townhomes of Oakleys is typically 30% of household income or less.
What size apartments are available at Townhomes of Oakleys?+
Townhomes of Oakleys offers the following unit types: 8 One-Bedroom, 112 Two-Bedroom, 36 Three-Bedroom, 4 Four-Bedroom units, for a total of 160 units.
Who is eligible to live at Townhomes of Oakleys?+
Townhomes of Oakleys 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 Townhomes of Oakleys?+
Townhomes of Oakleys 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.
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 Townhomes of Oakleys?+
Public Housing waitlist is currently Closed. 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.
Who manages Townhomes of Oakleys?+
Townhomes of Oakleys 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: 1-bedroom: $1365, 2-bedroom: $1532, 3-bedroom: $1959. Actual rent at Townhomes of Oakleys may be lower for income-eligible households.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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