About This Property
City Ventures comprises 28 two-bedroom units designated for low-income households in Richmond, VA. The property has been in service since 1992 and is financed through 9% Low-Income Housing Tax Credits. A non-profit organization owns 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 - Richmond City 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 - Richmond City 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 Richmond City County, VA is: $1328 (Studio), $1365 (1BR), $1532 (2BR), $1959 (3BR), $2393 (4BR). Actual rent at subsidized properties like City Ventures is typically 30% of household income or less.
What size apartments are available at City Ventures?+
City Ventures offers the following unit types: 28 Two-Bedroom units, for a total of 28 units.
What are the income limits for affordable housing in Richmond City County, VA?+
For a 4-person household in Richmond City 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.
What is the price range for apartments in Richmond, VA?+
Based on Fair Market Rent for Richmond City County, the estimated price range is: 2-bedroom: $1532. Actual rent at City Ventures may be lower for income-eligible households.
Who manages City Ventures?+
City Ventures is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for City Ventures?+
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.
How do I apply for housing at City Ventures?+
City Ventures 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.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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