Russells Place

501 Morgantown Ext, Barnesville, Ohio 43713

Russells Place, located at 501 Morgantown Ext in Barnesville, has one and two bedroom apartments. Russells Place participates in the Low-Income Housing Tax Credit (LIHTC) program.

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 652 $410
2 Bedroom (2/1.5) 1,099 $503
2 Bedroom (2/1) 881 $490

Russells Place Details

  • 32 one and two bedroom units.
  • Water and Sewer utilities included in rent
  • Accepts Section 8 Housing Choice Vouchers (HCV)
  • Senior (62+)

Property Amenities

  • Controlled Access
  • BBQ/Picnic Area
  • Clubhouse
  • On-Site Management
  • Online Payments Accepted
  • Snow Removal
  • Lawn Care
  • On-site Laundry

Unit Amenities

  • Air Conditioning
  • Ceiling Fan(s)
  • Handicapped Accessible
  • Dishwasher
  • Garbage Disposal
  • Washer/Dryer Hookup
  • Carpet
  • Patio, Deck Or Balcony
  • Storage
  • Refrigerator
  • Water Trash and Sewer Included

Office Hours

Day Hours
Monday 8:00am-4:00pm
Tuesday 8:00am-4:00pm
Wednesday 8:00am-4:00pm
Thursday 8:00am-4:00pm
Friday 8:00am-4:00pm

About Russells Place

Russell’s Place serves residents 55 and older and offers 1 and 2-bedroom apartments at a convenient location in Barnesville, Ohio. The spacious apartments include energy efficient electric appliances, washer/dryer hookups, and extra storage. Our community features a laundry facility, clubhouse, fitness center, and more. Russell’s Place is 3-minutes from Barnesville Park, is 20-minutes from I-70, and is 5-minutes from shopping and dining.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Barnesville Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Barnesville but actual income limits may differ for units at Russells Place.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $22,850 $26,100 $29,350 $32,600 $35,250 $37,850 $40,450 $43,050
Low Income (60%) $27,420 $31,320 $35,220 $39,120 $42,300 $45,420 $48,540 $51,660

Russells Place was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Russells Place is managed by Woda Cooper Companies, Inc..

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