Low Income (LIHTC)Waitlist Closed

Studios Ii

5409 Hull Street Rd Apt 5, Richmond, VA, 23224

Information verified May 28, 2026·We re-check waiting list status daily

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About This Property

Studios II is a 40-unit affordable housing property in Richmond, VA that has been in service since 2016. The property contains 39 low-income units configured as studios and serves families through 9% Low-Income Housing Tax Credit funding and HOME program support. A non-profit entity owns and operates the development.

Waitlist Information

Waitlist managed by Virginia Housing Development Authority

Public Housing Waitlist

Closed

Apply: Online

The Richmond Redevelopment and Housing Authority (PHA Code VA901) Public Housing waiting list is currently closed; eligibility is based on annual income, qualification as a senior, person with a disability, or family, and U.S. citizenship/immigration status.

Last verified May 10, 2026

Section 8 (HCV) Waitlist

Closed

Apply: Online

The waiting list is currently closed. Applications must be submitted online when the waitlist opens. Local housing agencies advertise openings in local newspapers and on the VirginiaHousing.com website.

Last verified February 18, 2026

Waitlist data provided by section8waitlist.org

Updated May 28, 2026

Property Details

Total Units

Studio

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.

1 Person

Extremely Low (30%): $18,900
Very Low (50%): $31,500
Low (80%): $50,400

2 Persons

Extremely Low (30%): $21,600
Very Low (50%): $36,000
Low (80%): $57,600

3 Persons

Extremely Low (30%): $24,300
Very Low (50%): $40,500
Low (80%): $64,800

4 Persons

Extremely Low (30%): $27,000
Very Low (50%): $45,000
Low (80%): $72,000

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $48,600
Low (80%): $77,800

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $52,200
Low (80%): $83,550

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $55,800
Low (80%): $89,300

8 Persons

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

Year Placed in Service

2016

LIHTC Credit Type

Low-Income Units

39 / 40

Target Population

Families

Funding Programs

HOMERental Assistance

Designations

Non-Profit

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 Studios Ii is typically 30% of household income or less.

What size apartments are available at Studios Ii?+

Studios Ii offers the following unit types: 40 Studio units, for a total of 40 units.

Is there a waitlist for Studios Ii?+

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.

How do I apply for housing at Studios Ii?+

Studios Ii is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 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.

Who manages Studios Ii?+

Studios Ii is managed by . You can reach them at .

Who is eligible to live at Studios Ii?+

Studios Ii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.

Begin Application Now