About This Property
Forest Ridge comprises 119 low-income rental units in Hernando, Florida, offering 89 one-bedroom and 30 two-bedroom floor plans to serve families in Citrus County. The property, which was placed in service in 2015, utilizes 9% Low-Income Housing Tax Credits to maintain affordability. Management and leasing information is available through the property's contact office.
Property Details
Fair Market Rent - Citrus County, FL
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $848 |
| 1 Bedroom | $853 |
| 2 Bedroom | $1,116 |
| 3 Bedroom | $1,554 |
| 4 Bedroom | $1,894 |
Income Limits - Citrus County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,400
- Low (80%)
- $31,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,200
- Low (80%)
- $35,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,950
- Low (80%)
- $39,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,700
- Low (80%)
- $44,300
- Extremely Low (30%)
- $29,950
- Very Low (50%)
- $29,950
- Low (80%)
- $47,850
- Extremely Low (30%)
- $32,150
- Very Low (50%)
- $32,150
- Low (80%)
- $51,400
- Extremely Low (30%)
- $34,350
- Very Low (50%)
- $34,350
- Low (80%)
- $54,950
- Extremely Low (30%)
- $36,600
- Very Low (50%)
- $36,600
- Low (80%)
- $58,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,400 | $31,050 |
| 2 Persons | $17,420 | $22,200 | $35,450 |
| 3 Persons | $21,960 | $24,950 | $39,900 |
| 4 Persons | $26,500 | $27,700 | $44,300 |
| 5 Persons | $29,950 | $29,950 | $47,850 |
| 6 Persons | $32,150 | $32,150 | $51,400 |
| 7 Persons | $34,350 | $34,350 | $54,950 |
| 8 Persons | $36,600 | $36,600 | $58,500 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Hernando, FL?+
The Fair Market Rent (FMR) for Citrus County, FL is: $848 (Studio), $853 (1BR), $1116 (2BR), $1554 (3BR), $1894 (4BR). Actual rent at subsidized properties like Forest Ridge is typically 30% of household income or less.
What size apartments are available at Forest Ridge?+
Forest Ridge offers the following unit types: 89 One-Bedroom, 30 Two-Bedroom units, for a total of 119 units.
How do I apply for housing at Forest Ridge?+
Forest Ridge 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 are the income limits for affordable housing in Citrus County, FL?+
For a 4-person household in Citrus County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,700, Low Income (80% AMI): $44,300. These limits are set by HUD and updated annually.
Who is eligible to live at Forest Ridge?+
Forest Ridge primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Forest Ridge?+
Forest Ridge is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Hernando, FL?+
Based on Fair Market Rent for Citrus County, the estimated price range is: 1-bedroom: $853, 2-bedroom: $1116. Actual rent at Forest Ridge may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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