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Gumenick >> Apartment Homes >> Threshold Program

Threshold Program

Enter Home Ownership here…

Crossing the Threshold to home ownership just became easier with an exclusive program for Gumenick Properties’ residents. 

Threshold enables you to apply up to 25% of your apartments monthly rental value towards a deposit on a new home in one of Gumenick Properties’ award-winning neighborhoods in Richmond, VA.* The longer you rent, the more you can save.

The Threshold program is open to all Gumenick Properties’ apartments residents. Ask us for details on what steps  you can take to move up to a new home of your own!

Keys to enter Threshold:

  • The door is open to current and new residents of Gumenick Properties apartment communities
  • Resident must fulfill a minimum of one-year lease term to receive program benefits.
  • Current residents will receive an immediate rental credit, up to 36 months of credit, and can continue earning rental credit as long as they are in residency.
  • Only leaseholders may enter the program. Co-signers, guarantors and occupants are not eligible for the program.
  • An application is required for entry to Threshold. An application form may be completed after 6 months of Good Standing. The submission of an application does not guarantee approval to receive program benefits.
  • Pass through from your rent an amount not to exceed 25% of the total rent value of the apartment.
  • You may be eligible to receive an additional 2% credit on the purchase price of your new home as long as no other agent commissions and/or incentives are paid by the seller.
  • The door closes on this offer with no cash benefit to you if you move out of a Gumenick Properties apartment community prior to using your Threshold benefit.

Don’t let the door close on you. Apply for entry to Threshold today and have the possibility of moving into a new home of your own. For more information contact your Apartment Community Manager, or Sales Manager. Program is subject to Terms & Guidelines.

Click for program Terms & Guidelines

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Participating Communities

Apartment Communities

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New Home Communities

 The Neighborhood of Libbie Mill - Midtown