About This Property
Ridgmont Sr Cottages comprises 20 low-income units in Ridgway, Pennsylvania, serving elderly residents with a mix of ten one-bedroom and ten two-bedroom units. The property was placed in service in 2015 and receives funding through HOME and 9% Low-Income Housing Tax Credits. A non-profit organization owns and manages the community.
Property Details
Fair Market Rent - Elk County, PA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $616 |
| 1 Bedroom | $722 |
| 2 Bedroom | $845 |
| 3 Bedroom | $1,133 |
| 4 Bedroom | $1,200 |
Income Limits - Elk County, PA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,700
- Very Low (50%)
- $24,450
- Low (80%)
- $39,100
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,950
- Low (80%)
- $44,700
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,450
- Low (80%)
- $50,300
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,900
- Low (80%)
- $55,850
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,700
- Low (80%)
- $60,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,500
- Low (80%)
- $64,800
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,300
- Low (80%)
- $69,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,100
- Low (80%)
- $73,750
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,700 | $24,450 | $39,100 |
| 2 Persons | $17,420 | $27,950 | $44,700 |
| 3 Persons | $21,960 | $31,450 | $50,300 |
| 4 Persons | $26,500 | $34,900 | $55,850 |
| 5 Persons | $31,040 | $37,700 | $60,350 |
| 6 Persons | $35,580 | $40,500 | $64,800 |
| 7 Persons | $40,120 | $43,300 | $69,300 |
| 8 Persons | $44,660 | $46,100 | $73,750 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Ridgway, PA?+
The Fair Market Rent (FMR) for Elk County, PA is: $616 (Studio), $722 (1BR), $845 (2BR), $1133 (3BR), $1200 (4BR). Actual rent at subsidized properties like Ridgmont Sr Cottages is typically 30% of household income or less.
What size apartments are available at Ridgmont Sr Cottages?+
Ridgmont Sr Cottages offers the following unit types: 10 One-Bedroom, 10 Two-Bedroom units, for a total of 20 units.
Who manages Ridgmont Sr Cottages?+
Ridgmont Sr Cottages is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Elk County, PA?+
For a 4-person household in Elk County, PA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,900, Low Income (80% AMI): $55,850. These limits are set by HUD and updated annually.
How do I apply for housing at Ridgmont Sr Cottages?+
Ridgmont Sr Cottages 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 Ridgway, PA?+
Based on Fair Market Rent for Elk County, the estimated price range is: 1-bedroom: $722, 2-bedroom: $845. Actual rent at Ridgmont Sr Cottages may be lower for income-eligible households.
Who is eligible to live at Ridgmont Sr Cottages?+
Ridgmont Sr Cottages primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
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