About This Property
Riverwoods At Lake Ridge offers 72 low-income units in Lake Ridge, Virginia, with a mix of one-, two-, and three-bedroom apartments serving families. The property has been in service since 2015 and is funded through 9% Low-Income Housing Tax Credits. The community contains two one-bedroom units, fifty two-bedroom units, and twenty three-bedroom units.
Property Details
Fair Market Rent - Prince William County, VA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,772 |
| 1 Bedroom | $1,803 |
| 2 Bedroom | $2,045 |
| 3 Bedroom | $2,544 |
| 4 Bedroom | $3,015 |
Income Limits - Prince William County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $27,100
- Very Low (50%)
- $45,150
- Low (80%)
- $57,650
- Extremely Low (30%)
- $31,000
- Very Low (50%)
- $51,600
- Low (80%)
- $65,850
- Extremely Low (30%)
- $34,850
- Very Low (50%)
- $58,050
- Low (80%)
- $74,100
- Extremely Low (30%)
- $38,700
- Very Low (50%)
- $64,500
- Low (80%)
- $82,300
- Extremely Low (30%)
- $41,800
- Very Low (50%)
- $69,700
- Low (80%)
- $88,900
- Extremely Low (30%)
- $44,900
- Very Low (50%)
- $74,850
- Low (80%)
- $95,500
- Extremely Low (30%)
- $48,000
- Very Low (50%)
- $80,000
- Low (80%)
- $102,100
- Extremely Low (30%)
- $51,100
- Very Low (50%)
- $85,150
- Low (80%)
- $108,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $27,100 | $45,150 | $57,650 |
| 2 Persons | $31,000 | $51,600 | $65,850 |
| 3 Persons | $34,850 | $58,050 | $74,100 |
| 4 Persons | $38,700 | $64,500 | $82,300 |
| 5 Persons | $41,800 | $69,700 | $88,900 |
| 6 Persons | $44,900 | $74,850 | $95,500 |
| 7 Persons | $48,000 | $80,000 | $102,100 |
| 8 Persons | $51,100 | $85,150 | $108,650 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lake Ridge, VA?+
The Fair Market Rent (FMR) for Prince William County, VA is: $1772 (Studio), $1803 (1BR), $2045 (2BR), $2544 (3BR), $3015 (4BR). Actual rent at subsidized properties like Riverwoods At Lake Ridge is typically 30% of household income or less.
What size apartments are available at Riverwoods At Lake Ridge?+
Riverwoods At Lake Ridge offers the following unit types: 2 One-Bedroom, 50 Two-Bedroom, 20 Three-Bedroom units, for a total of 72 units.
Who is eligible to live at Riverwoods At Lake Ridge?+
Riverwoods At Lake Ridge primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Riverwoods At Lake Ridge?+
Riverwoods At Lake Ridge is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Prince William County, VA?+
For a 4-person household in Prince William County, VA, the income limits are: Extremely Low Income (30% AMI): $38,700, Very Low Income (50% AMI): $64,500, Low Income (80% AMI): $82,300. These limits are set by HUD and updated annually.
What is the price range for apartments in Lake Ridge, VA?+
Based on Fair Market Rent for Prince William County, the estimated price range is: 1-bedroom: $1803, 2-bedroom: $2045, 3-bedroom: $2544. Actual rent at Riverwoods At Lake Ridge may be lower for income-eligible households.
How do I apply for housing at Riverwoods At Lake Ridge?+
Riverwoods At Lake 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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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