About This Property
Ridgeview Terrace Apartments is an 80-unit community in Mount Vernon that includes 77 low-income units designed to serve elderly and disabled residents. The property, placed in service in 2005, features 73 one-bedroom and 7 two-bedroom units and is funded through 9% Low-Income Housing Tax Credits. The non-profit owned complex continues to provide affordable housing options in Skagit County.
Property Details
Fair Market Rent - Skagit County, WA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,123 |
| 1 Bedroom | $1,279 |
| 2 Bedroom | $1,657 |
| 3 Bedroom | $2,335 |
| 4 Bedroom | $2,590 |
Income Limits - Skagit County, WA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,300
- Very Low (50%)
- $28,850
- Low (80%)
- $46,100
- Extremely Low (30%)
- $19,800
- Very Low (50%)
- $32,950
- Low (80%)
- $52,650
- Extremely Low (30%)
- $22,250
- Very Low (50%)
- $37,050
- Low (80%)
- $59,250
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $41,150
- Low (80%)
- $65,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $44,450
- Low (80%)
- $71,100
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $47,750
- Low (80%)
- $76,350
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $51,050
- Low (80%)
- $81,600
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $54,350
- Low (80%)
- $86,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,300 | $28,850 | $46,100 |
| 2 Persons | $19,800 | $32,950 | $52,650 |
| 3 Persons | $22,250 | $37,050 | $59,250 |
| 4 Persons | $26,500 | $41,150 | $65,800 |
| 5 Persons | $31,040 | $44,450 | $71,100 |
| 6 Persons | $35,580 | $47,750 | $76,350 |
| 7 Persons | $40,120 | $51,050 | $81,600 |
| 8 Persons | $44,660 | $54,350 | $86,900 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mount Vernon, WA?+
The Fair Market Rent (FMR) for Skagit County, WA is: $1123 (Studio), $1279 (1BR), $1657 (2BR), $2335 (3BR), $2590 (4BR). Actual rent at subsidized properties like Ridgeview Terrace Apartments is typically 30% of household income or less.
What size apartments are available at Ridgeview Terrace Apartments?+
Ridgeview Terrace Apartments offers the following unit types: 73 One-Bedroom, 7 Two-Bedroom units, for a total of 80 units.
Who manages Ridgeview Terrace Apartments?+
Ridgeview Terrace Apartments is managed by . You can reach them at .
How do I apply for housing at Ridgeview Terrace Apartments?+
Ridgeview Terrace Apartments is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 are the income limits for affordable housing in Skagit County, WA?+
For a 4-person household in Skagit County, WA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $41,150, Low Income (80% AMI): $65,800. These limits are set by HUD and updated annually.
What is the price range for apartments in Mount Vernon, WA?+
Based on Fair Market Rent for Skagit County, the estimated price range is: 1-bedroom: $1279, 2-bedroom: $1657. Actual rent at Ridgeview Terrace Apartments may be lower for income-eligible households.
Who is eligible to live at Ridgeview Terrace Apartments?+
Ridgeview Terrace Apartments primarily serves elderly residents, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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