About This Property
Ridge I offers 38 low-income units in Woodstock, Virginia, with a mix of one, two, and three-bedroom floor plans serving families. The property, which has been in service since 2003, includes 4 one-bedroom, 26 two-bedroom, and 8 three-bedroom units. The community receives 9% Low-Income Housing Tax Credit financing.
Property Details
Fair Market Rent - Shenandoah 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 | $754 |
| 1 Bedroom | $848 |
| 2 Bedroom | $1,113 |
| 3 Bedroom | $1,488 |
| 4 Bedroom | $1,494 |
Income Limits - Shenandoah County, VA
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 Woodstock, VA?+
The Fair Market Rent (FMR) for Shenandoah County, VA is: $754 (Studio), $848 (1BR), $1113 (2BR), $1488 (3BR), $1494 (4BR). Actual rent at subsidized properties like Ridge I is typically 30% of household income or less.
What size apartments are available at Ridge I?+
Ridge I offers the following unit types: 4 One-Bedroom, 26 Two-Bedroom, 8 Three-Bedroom units, for a total of 38 units.
What is the price range for apartments in Woodstock, VA?+
Based on Fair Market Rent for Shenandoah County, the estimated price range is: 1-bedroom: $848, 2-bedroom: $1113, 3-bedroom: $1488. Actual rent at Ridge I may be lower for income-eligible households.
What are the income limits for affordable housing in Shenandoah County, VA?+
For a 4-person household in Shenandoah County, VA, 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.
Who is eligible to live at Ridge I?+
Ridge I primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Ridge I?+
Ridge I is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Ridge I?+
Ridge I 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.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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