171 King Street, Eminence, KY 40019
Waiting List Forecast: Likely Short or None
Verified for 2019 by Ayat Elkarib, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $556 - 673 per Month† | 1 - 2 Beds | 1 Bath | 706 - 890 Sq Ft |
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.
Tristan Ridge is a senior community located in Eminence, Kentucky that serves residents 55 and older. The community is tobacco-free and offers the opportunity to stay active and social with a laundry facility, garden area, fitness room, and more. Each of their 1 and 2-bedroom apartments include energy efficient electric appliances, washer/dryer hookups, and extra storage. They are conveniently located 1 minute from Hometown Pizza, Family Dollar, CVS, and USPS, 2 minute from Save-A-Lot and Eminence High School, 6 minutes from the Kentucky Renaissance Fair and Eminence Lake, and 20 minutes from Walmart.
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 Tristan Ridge 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. As a LIHTC property that chose the 20/50 election, this property has agreed to set aside at least 20% of its units for families and individuals earning 50% of Area Median Income (AMI). Many of these properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with very low incomes.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 706ft2 | $556 $573† |
| 2 Bedroom (2/1) | 890ft2 | $653 $673† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $31,400 / year | $35,900 / year | $40,400 / year | $44,850 / year |
| 50% AMI for PBRA Units | $31,400 / year | $35,900 / year | $40,400 / year | $44,850 / year |
| 60% AMI for LIHTC Units | $37,680 / year | $43,080 / year | $48,480 / year | $53,820 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Tristan Ridge Apartments have a waiting list?
Tristan Ridge 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 Tristan Ridge 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 Tristan Ridge Apartments ?
Tristan Ridge Apartments is managed by Woda Cooper Companies, Inc. headquartered in Columbus, OH.
In addition to Tristan Ridge Apartments , how many other affordable housing properties (and units) are there in Eminence?
In addition to Tristan Ridge Apartments , we list 4 other affordable properties in Eminence. Learn about these properties here. Our data research shows that there are a total of 203 affordable units in Eminence.
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