Park Ridge Apartments

100 Park Ridge Drive, Jackson, Tennessee 38301

Park Ridge Apartments, located at 100 Park Ridge Drive in Jackson, has one, two and three bedroom apartments. Park Ridge Apartments participates in the Low-Income Housing Tax Credit (LIHTC) program.

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 896 Call for Price
Two Bedroom (2/2) 1089 Call for Price
Three Bedroom (3/2) 1275 Call for Price

Park Ridge Apartments Details

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

Property Amenities

  • Playground
  • Community Room
  • Pool
  • Playground

Unit Amenities

  • Dishwasher
  • Walk-in Closet(s)
  • Window Coverings
  • Carpet
  • Patio, Deck Or Balcony
  • Refrigerator

Nearby Amenities

  • Close to Business District
  • Close to Downtown District
  • Close to Public Transportation
  • Near Park
  • Near Schools

About Park Ridge Apartments

Park Ridge is a community of garden style 1, 2, and 3 bedroom apartment homes. Each home is all electric and is equipped with a range, refrigerator with an icemaker, dishwasher, washer/dryer connections, spacious closets, outside storage closet and private patios. The 2 and 3 bedroom apartments have 2 full baths. The community has a play area, laundry center, swimming pool and centrally located mail center. Water/sewer, trash and pest control are furnished. Electric, cable, and phone are the responsiblity of the resident.

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.

Jackson 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 Jackson but actual income limits may differ for units at Park Ridge Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $19,500 $22,300 $25,100 $27,850 $30,100 $32,350 $34,550 $36,800
Low Income (60%) $23,400 $26,760 $30,120 $33,420 $36,120 $38,820 $41,460 $44,160

Park Ridge Apartments 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.

Park Ridge Apartments is managed by Ambling Management Company.

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