About This Property
Summit Ridge Apts consists of 81 units in Banning, CA, with 80 designated as low-income housing. The property features a mix of 41 two-bedroom and 40 three-bedroom units designed to serve families and has been in operation since 2004. The development utilizes 9% Low-Income Housing Tax Credits (LIHTC) for financing.
Property Details
Fair Market Rent - Riverside County, CA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,517 |
| 1 Bedroom | $1,611 |
| 2 Bedroom | $2,010 |
| 3 Bedroom | $2,707 |
| 4 Bedroom | $3,304 |
Income Limits - Riverside County, CA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,600
- Very Low (50%)
- $27,650
- Low (80%)
- $44,250
- Extremely Low (30%)
- $19,000
- Very Low (50%)
- $31,600
- Low (80%)
- $50,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,550
- Low (80%)
- $56,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,500
- Low (80%)
- $63,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,700
- Low (80%)
- $68,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,850
- Low (80%)
- $73,350
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,000
- Low (80%)
- $78,400
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,150
- Low (80%)
- $83,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,600 | $27,650 | $44,250 |
| 2 Persons | $19,000 | $31,600 | $50,600 |
| 3 Persons | $21,960 | $35,550 | $56,900 |
| 4 Persons | $26,500 | $39,500 | $63,200 |
| 5 Persons | $31,040 | $42,700 | $68,300 |
| 6 Persons | $35,580 | $45,850 | $73,350 |
| 7 Persons | $40,120 | $49,000 | $78,400 |
| 8 Persons | $44,660 | $52,150 | $83,450 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Banning, CA?+
The Fair Market Rent (FMR) for Riverside County, CA is: $1517 (Studio), $1611 (1BR), $2010 (2BR), $2707 (3BR), $3304 (4BR). Actual rent at subsidized properties like Summit Ridge Apts is typically 30% of household income or less.
What size apartments are available at Summit Ridge Apts?+
Summit Ridge Apts offers the following unit types: 41 Two-Bedroom, 40 Three-Bedroom units, for a total of 81 units.
Who is eligible to live at Summit Ridge Apts?+
Summit Ridge Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Riverside County, CA?+
For a 4-person household in Riverside County, CA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,500, Low Income (80% AMI): $63,200. These limits are set by HUD and updated annually.
How do I apply for housing at Summit Ridge Apts?+
Summit Ridge Apts 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.
What is the price range for apartments in Banning, CA?+
Based on Fair Market Rent for Riverside County, the estimated price range is: 2-bedroom: $2010, 3-bedroom: $2707. Actual rent at Summit Ridge Apts may be lower for income-eligible households.
Who manages Summit Ridge Apts?+
Summit Ridge Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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