The Cottages at Riverview

550 Sommer Way, Elyria, Ohio 44035

The Cottages at Riverview, located at 550 Sommer Way in Elyria, has one and two bedroom row house style apartments. The Cottages at Riverview participates in the Low-Income Housing Tax Credit (LIHTC) program.

Units

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

The Cottages at Riverview Details

  • 62 one and two bedroom units.
  • Row House
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Fitness Center
  • Clubhouse
  • Garage
  • Snow Removal
  • Beautiful Landscape

Unit Amenities

  • Washer/Dryer Hookup
  • Private Entrance

Office Hours

Day Hours
Monday 9:00am-5:00pm
Tuesday 9:00am-5:00pm
Wednesday 9:00am-5:00pm
Thursday 9:00am-5:00pm
Friday 9:00am-5:00pm
Saturday 10:00am-4:00pm

About The Cottages at Riverview

1ST MONTH FREE WHEN YOU MOVE IN BY SEPTEMBER 30, 2019

Your new home awaits you at The Cottages at Riverview! A stunning 55 and better community of cottage style apartments nestled on nine acres of beautifully landscaped lawns, walking paths, community garden, and intergenerational playground. From the moment you enter the Community you will feel right at home.

Unique one and two bedroom apartments, designed with relaxation and convenience for YOU in mind, await you. Your new home features a private entrance with an attached garage and washer & dryer hookups. The living space is open and bright and waiting for you to make it your own.

The Community Clubhouse offers a fitness center along with weekly Medicaid and Medicare Clinic. Yard maintenance and snow removal are included so you can spend your time the fun things you desire.

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.

Elyria 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 Elyria but actual income limits may differ for units at The Cottages at Riverview.

AMI Band 1 Person 2 Person 3 Person 4 Person
Very Low Income (50%) $25,800 $29,500 $33,200 $36,850
Low Income (60%) $30,960 $35,400 $39,840 $44,220

The Cottages at Riverview 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.

The Cottages at Riverview is managed by Occupancy Solutions, LLC.

Image of The Cottages at Riverview
Image of The Cottages at Riverview
Image of The Cottages at Riverview
Image of The Cottages at Riverview
Image of The Cottages at Riverview
Image of The Cottages at Riverview