About This Property
Riverside Place comprises 22 low-income residential units in Damascus, Virginia, and has been in service since 2012. The property offers a mix of one-, two-, and three-bedroom units designed to serve families, with four one-bedroom, twelve two-bedroom, and six three-bedroom apartments available. This non-profit owned community is funded through TCAP and receives 9% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Washington 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 | $677 |
| 1 Bedroom | $717 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,179 |
| 4 Bedroom | $1,335 |
Income Limits - Washington County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,900
- Low (80%)
- $33,400
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,850
- Low (80%)
- $38,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,850
- Low (80%)
- $42,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,800
- Low (80%)
- $47,700
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,200
- Low (80%)
- $51,550
- Extremely Low (30%)
- $34,600
- Very Low (50%)
- $34,600
- Low (80%)
- $55,350
- Extremely Low (30%)
- $37,000
- Very Low (50%)
- $37,000
- Low (80%)
- $59,150
- Extremely Low (30%)
- $39,350
- Very Low (50%)
- $39,350
- Low (80%)
- $63,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,900 | $33,400 |
| 2 Persons | $17,420 | $23,850 | $38,200 |
| 3 Persons | $21,960 | $26,850 | $42,950 |
| 4 Persons | $26,500 | $29,800 | $47,700 |
| 5 Persons | $31,040 | $32,200 | $51,550 |
| 6 Persons | $34,600 | $34,600 | $55,350 |
| 7 Persons | $37,000 | $37,000 | $59,150 |
| 8 Persons | $39,350 | $39,350 | $63,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Damascus, VA?+
The Fair Market Rent (FMR) for Washington County, VA is: $677 (Studio), $717 (1BR), $905 (2BR), $1179 (3BR), $1335 (4BR). Actual rent at subsidized properties like Riverside Place is typically 30% of household income or less.
What size apartments are available at Riverside Place?+
Riverside Place offers the following unit types: 4 One-Bedroom, 12 Two-Bedroom, 6 Three-Bedroom units, for a total of 22 units.
Who manages Riverside Place?+
Riverside Place is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Washington County, VA?+
For a 4-person household in Washington County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,800, Low Income (80% AMI): $47,700. These limits are set by HUD and updated annually.
What is the price range for apartments in Damascus, VA?+
Based on Fair Market Rent for Washington County, the estimated price range is: 1-bedroom: $717, 2-bedroom: $905, 3-bedroom: $1179. Actual rent at Riverside Place may be lower for income-eligible households.
How do I apply for housing at Riverside Place?+
Riverside Place 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 Riverside Place?+
Riverside Place primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.