About This Property
Post Ridge Apts comprises 24 two-bedroom units serving low-income households in Madison, West Virginia. The property has been in service since 1991 and is funded through 4% Low-Income Housing Tax Credits. All 24 units are designated as affordable housing.
Property Details
Fair Market Rent - Boone County, WV
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $620 |
| 1 Bedroom | $755 |
| 2 Bedroom | $848 |
| 3 Bedroom | $1,195 |
| 4 Bedroom | $1,439 |
Income Limits - Boone County, WV
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,200
- Low (80%)
- $30,700
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,950
- Low (80%)
- $35,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,700
- Low (80%)
- $39,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,400
- Low (80%)
- $43,850
- Extremely Low (30%)
- $29,600
- Very Low (50%)
- $29,600
- Low (80%)
- $47,400
- Extremely Low (30%)
- $31,800
- Very Low (50%)
- $31,800
- Low (80%)
- $50,900
- Extremely Low (30%)
- $34,000
- Very Low (50%)
- $34,000
- Low (80%)
- $54,400
- Extremely Low (30%)
- $36,200
- Very Low (50%)
- $36,200
- Low (80%)
- $57,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,200 | $30,700 |
| 2 Persons | $17,420 | $21,950 | $35,100 |
| 3 Persons | $21,960 | $24,700 | $39,500 |
| 4 Persons | $26,500 | $27,400 | $43,850 |
| 5 Persons | $29,600 | $29,600 | $47,400 |
| 6 Persons | $31,800 | $31,800 | $50,900 |
| 7 Persons | $34,000 | $34,000 | $54,400 |
| 8 Persons | $36,200 | $36,200 | $57,900 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Madison, WV?+
The Fair Market Rent (FMR) for Boone County, WV is: $620 (Studio), $755 (1BR), $848 (2BR), $1195 (3BR), $1439 (4BR). Actual rent at subsidized properties like Post Ridge Apts is typically 30% of household income or less.
What size apartments are available at Post Ridge Apts?+
Post Ridge Apts offers the following unit types: 24 Two-Bedroom units, for a total of 24 units.
What is the price range for apartments in Madison, WV?+
Based on Fair Market Rent for Boone County, the estimated price range is: 2-bedroom: $848. Actual rent at Post Ridge Apts may be lower for income-eligible households.
How do I apply for housing at Post Ridge Apts?+
Post Ridge Apts 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.
What are the income limits for affordable housing in Boone County, WV?+
For a 4-person household in Boone County, WV, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,400, Low Income (80% AMI): $43,850. These limits are set by HUD and updated annually.
Who manages Post Ridge Apts?+
Post Ridge Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
