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Virginia: Section 8 properties with a decision coming

HUD's file lists 455 active project-based assistance contracts in Virginia, covering 33,586 assisted units. 121 of them reach their final expiration date by Oct 2028, when the owner has to choose whether and how to renew. 138 Section 8 HAP contracts pay rents under 90% of the area's Fair Market Rent, a first sign of a property that could qualify for a rent increase at renewal.

455active contracts on 469 properties
121reaching final expiration by Oct 2028 (2,538 assisted units)
138HAP contracts with rents under 90% of FMR
6FHA-insured apartment loans maturing within five years

Contracts reaching final expiration by Oct 2028

These contracts end their overall term within two years of HUD's October 6, 2026 file. The owner chooses among the renewal options the property qualifies for, and an owner who wants out has to give tenants at least a year's notice. "Rent vs FMR" is HUD's ratio of contract rent to the area's Fair Market Rent.

PropertyUnitsAssistedContract typeFinal expirationRent vs FMRHUD loan
Sunhouse Group HomeBristol, Bristol County1212HFDA/8 NCOct 202674%
Wesley Agape HouseFairfax, Fairfax County County1212PRAC/811Oct 202651%202/811
Sweetwater CourtVirginia Beach, Virginia Beach County44PRAC/811Oct 202646%202/811
Haverford HomeChesapeake, Chesapeake County44PRAC/811Oct 202642%202/811
Harvard Road Group HomeWaynesboro, Waynesboro County55PRAC/811Oct 202654%202/811
Barrett HouseSuffolk, Suffolk County44PRAC/811Nov 202654%202/811
Alberta ManorAlberta, Brunswick County1313PRAC/811Nov 2026346%202/811
Prestonwood Group HomeRichmond, Chesterfield County44PRAC/811Nov 202641%202/811
Saddler Road Group HomeNewport News, Newport News County55PRAC/811Nov 202657%202/811
Foxchase Of AlexandriaAlexandria, Alexandria County2113423Sec 8 SRNov 202693%
The SanderlingChesapeake, Chesapeake County1919PRAC/811Nov 202685%202/811
Willow Oaks Place At Birmingham GreenManassas, Manassas Park County1515PRAC/811Nov 202644%202/811
Cla Homes IIFairfax, Fairfax County County77PRAC/811Nov 202650%202/811
Igo Road Group HoKing George, King George County55PRAC/811Nov 202657%202/811
Iverson Road Group HomeMidlothian, Chesterfield County33PRAC/811Dec 202646%202/811
Wiseman HouseCharlottesville, Charlottesville County76PRAC/811Dec 202631%202/811
Hartwood TerraceSpringfield, Fairfax County County54PRAC/811Dec 202640%202/811
Normandy Court Group HomeChesapeake, Chesapeake County55PRAC/811Dec 202643%202/811
Maynor Street Group HomeRocky Mount, Franklin County County66PRAC/811Dec 202647%202/811
New Hope Estate Group HomesFredericksburg, Stafford County66PRAC/811Jan 202728%202/811
Bruton Park Group HomeNewport News, Newport News County55PRAC/811Jan 202775%202/811
Eastman Road Group HomeRichmond, Chesterfield County44PRAC/811Jan 202741%202/811
J.R. Polly LineweaverHarrisonburg, HARRISONBURG County6161Sec 8 NCJan 202771%
South Hampton Roads ApartmentsNorfolk, Norfolk County2525PRAC/811Jan 202773%202/811
Wilkins Group HomeSuffolk, Suffolk County44PRAC/811Jan 202759%202/811
Diggs Drive Group HomeHampton, Hampton County55PRAC/811Jan 202750%202/811
Bliley ManorRichmond, Richmond City County88PRAC/811Feb 202762%202/811
Cherokee Hill Of Richmond Aka Stratford HouseRichmond, Richmond City County88PRAC/811Feb 202744%202/811
Longwood Group HomeVirginia Beach, VIRGINIA BEACH CITY County22PRAC/811Feb 202762%202/811
Marlwood Group HomeVirginia Beach, Virginia Beach County22PRAC/811Feb 202752%202/811
Penn Court AptsIndependence, Grayson County4848515/8 NCFeb 202777%
Jays Place Group HomeSuffolk, Suffolk County44PRAC/811Feb 202758%202/811
Campbell RoadNewport News, Newport News County55PRAC/811Feb 202745%202/811
Ross Court Group HomePortsmouth, Portsmouth County55PRAC/811Feb 202744%202/811
Princess Anne Group HomeVirginia Beach, Virginia Beach County55PRAC/811Feb 202742%202/811
Ashley ManorLa Crosse, Mecklenburg County1010PRAC/811Mar 2027282%202/811
College Hill TownhousesLynchburg, Lynchburg County9090Sec 8 NCMar 202782%Insured
Timberlake VillageFarmville, Prince Edward County1515202/8 NCMar 202773%202/811
Water Oak HomeVirginia Beach, Virginia Beach County44PRAC/811Mar 202751%202/811
Woods Edge HomeVirginia Beach, Virginia Beach County33PRAC/811Mar 202763%202/811
 Source: HUD Multifamily Assistance and Section 8 Contracts database, data as of October 6, 2026.

Section 8 contracts paying well under Fair Market Rent

HAP contracts with at least 20 assisted units whose rent-to-FMR ratio in HUD's file is under 90%, lowest first. Below-market contract rents are what HUD's Mark-Up-to-Market renewal option addresses, if the property qualifies; a rent comparability study, not this ratio, decides the new rents. "Run math" loads the size and ratio into the offer calculator.

PropertyUnitsAssistedRent vs FMRFinal expirationCurrent term ends
Cypress TerraceNewport News, Newport News County828235%Jan 2036Jan 2027Run math
New Lassiter ApartmentsNewport News, Newport News County10010036%Nov 2038Nov 2038Run math
Mckendree ManorFredericksburg, Stafford County232341%Jun 2036Jun 2036Run math
Orcutt Townhomes IIINewport News, Newport News County303043%Nov 2036Nov 2036Run math
Cedar Ridge AptsReston, Fairfax County County1987745%May 2035May 2035Run math
Oyster Point-Brighton ApartmentsNewport News, Newport News County19619645%Jan 2036Jan 2036Run math
Cedar Ridge AptsReston, Fairfax County County19811846%May 2035May 2035Run math
Spratley HouseNewport News, Newport News County505047%Mar 2041Mar 2041Run math
Wellesley CommonsNewport News, Newport News County408053%Apr 2043Apr 2043Run math
Stoney BrookAlexandria, Fairfax County County2044054%Jan 2031Jan 2027Run math
Sussex TraceWaverly, Sussex County505054%May 2046May 2027Run math
Southside GardensPortsmouth, Portsmouth County13413459%Sep 2027Sep 2027Run math
Townes At River SouthRichmond, Richmond City County1616060%Feb 2043Feb 2027Run math
Elmwood HouseArlington, Arlington County505060%Jul 2045Jul 2045Run math
Ashton HeightsRoanoke, Roanoke City County24411661%Jan 2031Jan 2031Run math
New Phoenix VillageNewport News, Newport News County454561%Jul 2034Jul 2027Run math
Country PlaceRichmond, Henrico County10210261%Nov 2044Nov 2044Run math
Coventry Garden AptsRichmond, Henrico County17617062%Mar 2030Mar 2027Run math
Lee - Hy Manor AptsRoanoke, Roanoke City County484863%Nov 2035Nov 2035Run math
The Gardens Of StauntonStaunton, Staunton County15015064%Oct 2035Oct 2035Run math
Blue Ridge CommonsCharlottesville, Charlottesville County2024065%Jul 2032Jul 2027Run math
Ashton HeightsRoanoke, Roanoke City County24412865%Jan 2031Jan 2031Run math
Warrenton ManorWarrenton, Fauquier County686866%Jun 2033Jun 2027Run math
Landmark ApartmentsPetersburg, Petersburg County535366%Jul 2027Jul 2027Run math
Oakmeade Apts.Highland Springs, Henrico County1009966%Jun 2032Jun 2027Run math
George Mason SquareRichmond, Richmond City County262666%Jan 2037Jan 2037Run math
Lockwood HouseArlington, Arlington County10010067%May 2031May 2027Run math
Highland Park Senior ApartmentsRichmond, Richmond City County777767%Nov 2036Nov 2036Run math
Stratford Village, Aka Lee-Hy Manor ElderlyRoanoke, Roanoke City County717068%Apr 2034Apr 2034Run math
The Village At RockbridgeLexington, Rockbridge County1146470%Aug 2035Aug 2027Run math
 Source: HUD Multifamily Assistance and Section 8 Contracts database, data as of October 6, 2026. HUD describes the ratio as a guide only.

HUD-insured loans maturing in the next five years

A HUD loan amortizes to zero, so a near maturity usually means a small balance left on an older building. The list shows only what HUD's file says: the loan, its balance and its maturity date. It says nothing about any owner's plans, other debt or willingness to sell.

PropertyUnitsProgramBalanceMatures
Calvary TowersNorfolk 23504 · FHA 05111256 112 223(a)(7) $86,745 Dec 2026
Herndon Harbor House LtdHerndon 20170 · FHA 05198001 60 542(c) $62,007 Jul 2027
Paul Spring RetirementAlexandria 22307 · FHA 05135622 147 223(a)(7) $1,245,878 Dec 2028
Herndon Harbor House IIHerndon 20170 · FHA 05198004 60 542(c) $346,859 Mar 2029
Gillhaven Manor ApartmentsPetersburg 23803 · FHA 05111195 101 223(f) $837,764 May 2029
Willow Woods ApartmentsRadford 24141 · FHA 05197261 144 542(b) $2,469,853 Sep 2029
Source: HUD Insured Multifamily Mortgages file, data as of September 30, 2026.

Filter every Virginia contract

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Before you call an owner

Write to the owner of record from the county's deed records; HUD's file shows the contract, not the deed. Never contact residents or on-site staff about a sale, and never suggest to residents that their housing is about to change.

Buying the property means HUD has to approve you to take over the contract. Read what HUD reviews when a Section 8 property sells before you write a letter of intent.

Price it, then finance it

Use the offer calculator to value the property at today's contract rents and at market rents, then send the deal to the desk for acquisition financing.

Not affiliated with HUD. Inclusion here doesn't mean a property is for sale. How this data is built.