Thunder Ridge Senior Apartments

202 North Magnolia Drive, Cedar Falls, IA 50613

Waiting List Forecast: Likely Short or None

check_circleVerified for 2021 by Rachel Overby
Rent Beds Baths SqFt
Call for Rents 1 - 2 Beds 1 Bath -
check_circle  Pets Allowed

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

Welcome Home

Within minutes of shopping, dining, and entertainment, Thunder Ridge is an inviting, independent senior living community, located in a quiet Cedar Falls neighborhood. Come see why Thunder Ridge is a great space to call home!

 

 

Dave's Thoughts On Thunder Ridge Senior Apartments

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Thunder Ridge Senior Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Thunder Ridge Senior Apartments Amenities

  • Fitness Center
  • Community Room
  • Handicapped Accessible
  • Online Payments Accepted
  • Washer and Dryer Included

Units at Thunder Ridge Senior Apartments

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Rent is Based On Your Income
2 Bedroom (2/1) - Rent is Based On Your Income

Income Qualification for Thunder Ridge Senior Apartments

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people
50% AMI for LIHTC Units $30,750 / year $35,150 / year $39,550 / year $43,900 / year
50% AMI for PBRA Units $30,750 / year $35,150 / year $39,550 / year $43,900 / year
60% AMI for LIHTC Units $36,900 / year $42,180 / year $47,460 / year $52,680 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Thunder Ridge Senior Apartments

Does Thunder Ridge Senior Apartments have a waiting list?

Thunder Ridge Senior Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Thunder Ridge Senior Apartments?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges Thunder Ridge Senior Apartments?

Thunder Ridge Senior Apartments is managed by Seldin Company headquartered in Omaha , Nebraska.

In addition to Thunder Ridge Senior Apartments, how many other affordable housing properties (and units) are there in Cedar Falls?

In addition to Thunder Ridge Senior Apartments, we list 25 other affordable properties in Cedar Falls. Learn about these properties here. Our data research shows that there are a total of 318 affordable units in Cedar Falls.

Listings Near Thunder Ridge Senior Apartments

Cedar Square

1811 W 8th St, Cedar Falls, Iowa 50613

bed 2-3
payment Subsidized

Horizon Towers

2724 Bicentennial Dr, Cedar Falls, Iowa 50613

bed 1
payment Subsidized

College Square Village II

1119 Maplewood Dr, Cedar Falls, Iowa 50613

switch_access_shortcut Short Wait
accessibility Accessible

College Square Village

1207 Maplewood Dr, Cedar Falls, Iowa 50613

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

College Square Manor

3112 Boulder Dr, Cedar Falls, Iowa 50613

Park @ Nine23

923 Maplewood Dr, Cedar Falls, Iowa 50613

bed 2
payment $800/mo.
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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