Riverside Commons

2581 Tidewater Dr, Dayton, Ohio 45424

Riverside Commons, located at 2581 Tidewater Dr in Dayton, has two and three bedroom apartments. Riverside Commons participates in the Low-Income Housing Tax Credit (LIHTC) program.

Units

Unit (Bd/Ba) Ft2 Rent
Two Bedroom (2/1) - Call for Price
Three Bedroom (3/1.5) - Call for Price

Riverside Commons Details

  • 120 two and three bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Community Room
  • Landscaping
  • On-Site Maintenance
  • Lawn Care
  • Pet Friendly
  • Personal 24-hour emergency call system
  • Laundry Facility

Unit Amenities

  • Air Conditioning
  • Handicapped Accessible
  • Washer/Dryer Hookup
  • Cable Ready
  • Window Coverings
  • Storage
  • Trash Included
  • Private Patios

Nearby Amenities

  • Near Bus Line

About Riverside Commons

Riverside Commons is a community located in Dayton, close to WPAFB. We offer 120, 2 and 3 bedroom townhomes and handicap accessible garden apartments. Close to major highways, shopping, restaurants, and we are in excellent school district.

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.

Dayton 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 Dayton but actual income limits may differ for units at Riverside Commons.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $24,750 $28,250 $31,800 $35,300 $38,150 $40,950 $43,800 $46,600
Low Income (60%) $29,700 $33,900 $38,160 $42,360 $45,780 $49,140 $52,560 $55,920

Riverside Commons 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.

Riverside Commons is managed by Wallick Communities.

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