3850 Scenic Ridge, Traverse City, MI 49684
Waiting List Forecast: Likely Short or None
Verified for 2022 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | - |
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.
At the Village at Bay Ridge, we offer spacious one and two-bedroom apartments, as well as beautiful cottage style homes with adjoining garages. No matter what option you choose, you’ll have controlled access to your own living space, as well as our many community rooms. An added benefit, The Village at Bay Ridge is conveniently located just minutes away from downtown Traverse City. Whether you’re looking for a day at the beach, some time at the Farmer’s Market, or just some time at the shops downtown, you can drive yourself or take a trip on the Bay Ridge Community Bus. Traverse City has always been a beautiful place to retire, but with the Village at Bay Ridge, retirement is comfortable, affordable, and convenient too!
The Village at Bay Ridge is just one part of the larger Bay Ridge continuum of care community. Bay Ridge also features an assisted living center, as well as a community that specializes in dementia care. This means that if at any point you need additional care, all of the help you need is just minutes away.
managed by Heritage Senior Communities
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 Village at Bay 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 |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $31,500 / year | $36,000 / year | $40,500 / year | $44,950 / year |
| 50% AMI for PBRA Units | $31,500 / year | $36,000 / year | $40,500 / year | $44,950 / year |
| 60% AMI for LIHTC Units | $37,800 / year | $43,200 / year | $48,600 / year | $53,940 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Village at Bay Ridge have a waiting list?
Village at Bay 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 Village at Bay 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.
In addition to Village at Bay Ridge, how many other affordable housing properties (and units) are there in Traverse City?
In addition to Village at Bay Ridge, we list 18 other affordable properties in Traverse City. Learn about these properties here. Our data research shows that there are a total of 1253 affordable units in Traverse City.
2790 Boardman Lake Dr, Traverse City, Michigan 49684
1240 Oak Terrace Dr, Traverse City, Michigan 49686
1650 Maylane, Traverse City, Michigan 49686
927 Woodmere Ave, Traverse City, Michigan 49686
Do you have little or no income?
Be aware that some housing assistance programs have a minimum income requirement, such as Low-Income Housing Tax Credit aparments.Ivette Betancourt says:
"Affordable Housing Online is a helpful website that can benefit many families looking for a decent affordable home."