About This Property
Hollywood Ridge Phase II consists of 35 low-income residential units in Peridot, Arizona, with a unit mix of 23 three-bedroom and 12 four-bedroom homes designed to serve families. The property has been in service since 2007 and is owned and operated by a non-profit organization. This development provides affordable housing options in Gila County.
Property Details
Fair Market Rent - Gila County, AZ
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $855 |
| 1 Bedroom | $960 |
| 2 Bedroom | $1,262 |
| 3 Bedroom | $1,778 |
| 4 Bedroom | $1,846 |
Income Limits - Gila County, AZ
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,600
- Low (80%)
- $31,300
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,400
- Low (80%)
- $35,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $25,200
- Low (80%)
- $40,250
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,950
- Low (80%)
- $44,700
- Extremely Low (30%)
- $30,200
- Very Low (50%)
- $30,200
- Low (80%)
- $48,300
- Extremely Low (30%)
- $32,450
- Very Low (50%)
- $32,450
- Low (80%)
- $51,900
- Extremely Low (30%)
- $34,700
- Very Low (50%)
- $34,700
- Low (80%)
- $55,450
- Extremely Low (30%)
- $36,900
- Very Low (50%)
- $36,900
- Low (80%)
- $59,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,600 | $31,300 |
| 2 Persons | $17,420 | $22,400 | $35,800 |
| 3 Persons | $21,960 | $25,200 | $40,250 |
| 4 Persons | $26,500 | $27,950 | $44,700 |
| 5 Persons | $30,200 | $30,200 | $48,300 |
| 6 Persons | $32,450 | $32,450 | $51,900 |
| 7 Persons | $34,700 | $34,700 | $55,450 |
| 8 Persons | $36,900 | $36,900 | $59,050 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Peridot, AZ?+
The Fair Market Rent (FMR) for Gila County, AZ is: $855 (Studio), $960 (1BR), $1262 (2BR), $1778 (3BR), $1846 (4BR). Actual rent at subsidized properties like Hollywood Ridge Phase Ii is typically 30% of household income or less.
What size apartments are available at Hollywood Ridge Phase Ii?+
Hollywood Ridge Phase Ii offers the following unit types: 23 Three-Bedroom, 12 Four-Bedroom units, for a total of 35 units.
What are the income limits for affordable housing in Gila County, AZ?+
For a 4-person household in Gila County, AZ, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,950, Low Income (80% AMI): $44,700. These limits are set by HUD and updated annually.
What is the price range for apartments in Peridot, AZ?+
Based on Fair Market Rent for Gila County, the estimated price range is: 3-bedroom: $1778. Actual rent at Hollywood Ridge Phase Ii may be lower for income-eligible households.
Who is eligible to live at Hollywood Ridge Phase Ii?+
Hollywood Ridge Phase Ii 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 Hollywood Ridge Phase Ii?+
Hollywood Ridge Phase Ii 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.
Who manages Hollywood Ridge Phase Ii?+
Hollywood Ridge Phase Ii is managed by . You can reach them at . Visit their website for more information.
Contact Information
Location
Gila County, AZ
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