2375 SouthPark Drive, Hebron, KY 41048
Waiting List Forecast: Likely Short or None
Verified for 2022 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $353 - 1,000 per Month† | 1 - 2 Beds | 1 Bath | 635 - 821 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.
Sparrow Ridge is a senior community, serving those 55+. This tobacco-free community offers a controlled access building, business center, fitness center, community garden, and more. Each of our 1 and 2-bedroom apartments include washer/dryer hookups, ceiling fans, and energy efficient appliances including refrigerator, microwave, and dishwasher. They are conveniently located 4 minutes from Biggby Coffee, Hebron Grille, 8 minutes from Kroger Marketplace and Cincinnati/Northern Kentucky International Airport, and 20 minutes from Florence Mall. We are a convenient commute from Cincinnati.
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 Sparrow Ridge 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 Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 635ft2 | $353 $905† |
| 2 Bedroom (2/1) | 821ft2 | $420 $1,000† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $35,400 / year | $40,450 / year | $45,500 / year | $50,550 / year |
| 50% AMI for PBRA Units | $35,400 / year | $40,450 / year | $45,500 / year | $50,550 / year |
| 60% AMI for LIHTC Units | $42,480 / year | $48,540 / year | $54,600 / year | $60,660 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Sparrow Ridge have a waiting list?
Sparrow Ridge 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 Sparrow Ridge?
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 Sparrow Ridge?
Sparrow Ridge is managed by Woda Cooper Companies, Inc. headquartered in Columbus, OH.
In addition to Sparrow Ridge, how many other affordable housing properties (and units) are there in Boone County?
In addition to Sparrow Ridge, we list 22 other affordable properties in Boone County. Learn about these properties here. Our data research shows that there are a total of 1087 affordable units in Boone County.
When was the Sparrow Ridge listing last updated?
Sparrow Ridge listing on Affordable Housing Online was last updated on 09/14/2022 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
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