About This Property
Napa Ridge contains 38 low-income housing units in Cape Girardeau, Missouri, serving families with a mix of 24 two-bedroom and 14 three-bedroom units. The property has been in service since 2004 and utilizes 9% Low-Income Housing Tax Credit financing.
Property Details
Fair Market Rent - Cape Girardeau County, MO
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $685 |
| 1 Bedroom | $742 |
| 2 Bedroom | $933 |
| 3 Bedroom | $1,315 |
| 4 Bedroom | $1,540 |
Income Limits - Cape Girardeau County, MO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,400
- Very Low (50%)
- $22,300
- Low (80%)
- $35,700
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,500
- Low (80%)
- $40,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $28,700
- Low (80%)
- $45,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $31,850
- Low (80%)
- $50,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $34,400
- Low (80%)
- $55,050
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $36,950
- Low (80%)
- $59,150
- Extremely Low (30%)
- $39,500
- Very Low (50%)
- $39,500
- Low (80%)
- $63,200
- Extremely Low (30%)
- $42,050
- Very Low (50%)
- $42,050
- Low (80%)
- $67,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,400 | $22,300 | $35,700 |
| 2 Persons | $17,420 | $25,500 | $40,800 |
| 3 Persons | $21,960 | $28,700 | $45,900 |
| 4 Persons | $26,500 | $31,850 | $50,950 |
| 5 Persons | $31,040 | $34,400 | $55,050 |
| 6 Persons | $35,580 | $36,950 | $59,150 |
| 7 Persons | $39,500 | $39,500 | $63,200 |
| 8 Persons | $42,050 | $42,050 | $67,300 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Cape Girardeau, MO?+
The Fair Market Rent (FMR) for Cape Girardeau County, MO is: $685 (Studio), $742 (1BR), $933 (2BR), $1315 (3BR), $1540 (4BR). Actual rent at subsidized properties like Napa Ridge is typically 30% of household income or less.
What size apartments are available at Napa Ridge?+
Napa Ridge offers the following unit types: 24 Two-Bedroom, 14 Three-Bedroom units, for a total of 38 units.
What is the price range for apartments in Cape Girardeau, MO?+
Based on Fair Market Rent for Cape Girardeau County, the estimated price range is: 2-bedroom: $933, 3-bedroom: $1315. Actual rent at Napa Ridge may be lower for income-eligible households.
How do I apply for housing at Napa Ridge?+
Napa 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 Cape Girardeau County, MO?+
For a 4-person household in Cape Girardeau County, MO, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $31,850, Low Income (80% AMI): $50,950. These limits are set by HUD and updated annually.
Who is eligible to live at Napa Ridge?+
Napa Ridge primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Napa Ridge?+
Napa Ridge is managed by . You can reach them at . Visit their website for more information.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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