About This Property
Ridgeway Apts comprises 32 low-income units in Spring Hope, NC, with 30 one-bedroom and 2 two-bedroom floor plans. The property has been in service since 2004 and is designated to serve elderly residents. The development uses 9% Low-Income Housing Tax Credits to maintain affordability.
Property Details
Fair Market Rent - Nash County, NC
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $825 |
| 1 Bedroom | $830 |
| 2 Bedroom | $1,035 |
| 3 Bedroom | $1,395 |
| 4 Bedroom | $1,579 |
Income Limits - Nash County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $21,350
- Low (80%)
- $34,200
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,400
- Low (80%)
- $39,050
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,450
- Low (80%)
- $43,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,500
- Low (80%)
- $48,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,950
- Low (80%)
- $52,750
- Extremely Low (30%)
- $35,400
- Very Low (50%)
- $35,400
- Low (80%)
- $56,650
- Extremely Low (30%)
- $37,850
- Very Low (50%)
- $37,850
- Low (80%)
- $60,550
- Extremely Low (30%)
- $40,300
- Very Low (50%)
- $40,300
- Low (80%)
- $64,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $21,350 | $34,200 |
| 2 Persons | $17,420 | $24,400 | $39,050 |
| 3 Persons | $21,960 | $27,450 | $43,950 |
| 4 Persons | $26,500 | $30,500 | $48,800 |
| 5 Persons | $31,040 | $32,950 | $52,750 |
| 6 Persons | $35,400 | $35,400 | $56,650 |
| 7 Persons | $37,850 | $37,850 | $60,550 |
| 8 Persons | $40,300 | $40,300 | $64,450 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Spring Hope, NC?+
The Fair Market Rent (FMR) for Nash County, NC is: $825 (Studio), $830 (1BR), $1035 (2BR), $1395 (3BR), $1579 (4BR). Actual rent at subsidized properties like Ridgeway Apts is typically 30% of household income or less.
What size apartments are available at Ridgeway Apts?+
Ridgeway Apts offers the following unit types: 30 One-Bedroom, 2 Two-Bedroom units, for a total of 32 units.
Who is eligible to live at Ridgeway Apts?+
Ridgeway Apts primarily serves elderly residents. 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 Ridgeway Apts?+
Ridgeway 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 are the income limits for affordable housing in Nash County, NC?+
For a 4-person household in Nash County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,500, Low Income (80% AMI): $48,800. These limits are set by HUD and updated annually.
Who manages Ridgeway Apts?+
Ridgeway Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Spring Hope, NC?+
Based on Fair Market Rent for Nash County, the estimated price range is: 1-bedroom: $830, 2-bedroom: $1035. Actual rent at Ridgeway Apts 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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