Ridgewood Apartments

1018 Wait Avenue, Wake Forest, NC 27587

Waiting List Forecast: Likely Short or None

check_circleVerified for 2018 by Colleen Carter, Ric Gresia
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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.

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Dave's Thoughts On Ridgewood 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 Ridgewood 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

Income Qualification for Ridgewood 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 5 people 6 people 7 people 8 people
50% AMI for LIHTC Units $39,700 / year $45,350 / year $51,000 / year $56,650 / year $61,200 / year $65,750 / year $70,250 / year $74,800 / year
50% AMI for PBRA Units $39,700 / year $45,350 / year $51,000 / year $56,650 / year $61,200 / year $65,750 / year $70,250 / year $74,800 / year
60% AMI for LIHTC Units $47,640 / year $54,420 / year $61,200 / year $67,980 / year $73,440 / year $78,900 / year $84,300 / year $89,760 / year

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

FAQs for Ridgewood Apartments

Does Ridgewood Apartments have a waiting list?

Ridgewood 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 Ridgewood 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 Ridgewood Apartments?

Ridgewood Apartments is managed by The Hallmark Companies, Inc. headquartered in Atlanta, Georgia.

In addition to Ridgewood Apartments, how many other affordable housing properties (and units) are there in Wake Forest?

In addition to Ridgewood Apartments, we list 19 other affordable properties in Wake Forest. Learn about these properties here. Our data research shows that there are a total of 631 affordable units in Wake Forest.

Listings Near Ridgewood Apartments

Turnberry Apartments

755 S White St, Wake Forest, North Carolina 27587

bed 1

Crenshaw Trace

987 Durham Rd, Wake Forest, North Carolina 27587

bed 1-2

Glen Royal Mill

876 North Main Street, Wake Forest, North Carolina 27587

837 E Wait Ave

837 E Wait Ave, Wake Forest, North Carolina 27587

bed 4
payment $2500/mo.

1125 Chamberwell Ave

1125 Chamberwell Ave, Wake Forest, North Carolina 27587

bed 4
payment $2280/mo.

1104 Washhouse Lane

1104 Washhouse Ln, Wake Forest, North Carolina 27587

bed 4
payment $2515/mo.
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.