About This Property
Ridge III offers 24 low-income rental units in Woodstock, Virginia and has been in service since 2005. The property serves families and utilizes 9% Low-Income Housing Tax Credits to support its operations. Property management contact information is available upon request.
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 Iii is typically 30% of household income or less.
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.
How do I apply for housing at Ridge Iii?+
Ridge Iii 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.
Who is eligible to live at Ridge Iii?+
Ridge Iii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Ridge Iii?+
Ridge Iii is managed by . You can reach them at . Visit their website for more information.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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