Park Ridge Estates of Ruston

403 Richsmith Ln, Ruston, LA 71272

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Colleen Carter, Ric Gresia
Rent Beds Baths SqFt
$720 - 780 per Month 3 - 4 Beds 2 Baths -
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Pets Allowed
check_circle  Affordable

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.

Park Ridge Estates of Ruston is a great community of stacked townhome-style homes. This community has spacious 3 & 4-bedroom homes with all the features you are looking for. Plus, great schools, services and shopping are conveniently located nearby.

 

Pet Policy: Small Breed Cats and Dogs are allowed. Please contact property for more information.

Dave's Thoughts On Park Ridge Estates of Ruston

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 Park Ridge Estates of Ruston 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

Park Ridge Estates of Ruston Amenities

  • Fitness Center
  • Playground
  • Business Center
  • Clubhouse
  • Close to Shopping
  • Dishwasher
  • Microwave
  • Washer and Dryer Included
  • On-Site Laundry

Units at Park Ridge Estates of Ruston

Unit (Bd/Ba) Ft2 Rent
3 Bedroom (3/2) - $720
4 Bedroom (4/2) - $780

Income Qualification for Park Ridge Estates of Ruston

*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 5 people 6 people 7 people 8 people
50% AMI for LIHTC Units $22,350 / year $25,550 / year $28,750 / year $31,900 / year $34,500 / year $37,050 / year $39,600 / year $42,150 / year
50% AMI for PBRA Units $22,350 / year $25,550 / year $28,750 / year $31,900 / year $34,500 / year $37,050 / year $39,600 / year $42,150 / year
60% AMI for LIHTC Units $26,820 / year $30,660 / year $34,500 / year $38,280 / year $41,400 / year $44,460 / year $47,520 / year $50,580 / year

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

FAQs for Park Ridge Estates of Ruston

Does Park Ridge Estates of Ruston have a waiting list?

Park Ridge Estates of Ruston 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 Park Ridge Estates of Ruston?

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 Park Ridge Estates of Ruston?

Park Ridge Estates of Ruston is managed by RichSmith Management headquartered in North Little Rock, AR.

In addition to Park Ridge Estates of Ruston, how many other affordable housing properties (and units) are there in Ruston?

In addition to Park Ridge Estates of Ruston, we list 25 other affordable properties in Ruston. Learn about these properties here. Our data research shows that there are a total of 1198 affordable units in Ruston.

When was the Park Ridge Estates of Ruston listing last updated?

Park Ridge Estates of Ruston listing on Affordable Housing Online was last updated on 03/16/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Park Ridge Estates of Ruston

Edgewood Square Apartments

713 McDonald Ave, Ruston, Louisiana 71270

bed 1-2
payment $515-625/mo.

Gray Creek Apartments

500 S Barnett Springs St, Ruston, Louisiana 71270

Sparta Place

601 S Sparta St, Ruston, Louisiana 71270

Independence Meadows

706 Independence Cir , Ruston, Louisiana 71270

Highland Apartments

2000 Illinois Ave, Ruston, Louisiana 71270

Peaks of Ruston

639 Peaks Raj Lane, Ruston, Louisiana 71270

bed 1-2
payment $540-655/mo.
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.