502 Fairfield Ave., Lebanon, TN 37087
Waiting List Forecast: Likely Short or None
Verified for 2019 by Connor Bailey, Lorena Bentley, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 865 - 1,196 Sq Ft |
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.
The Ridge at Lebanon offers a convenient lifestyle, with rich amenities, in an exceptional location. Unwind in one of the beautiful and spacious 1-, 2-, or 3-bedroom floorplans suited for your lifestyle. These apartment interiors offer an invigorating blend of simple pleasures and extraordinary features to make you feel right at home. This Community is conveniently located in the quaint town of Lebanon, TN just minutes from Mt. Juliet and the Greater Nashville area. The apartment homes have all the features you are looking for plus great schools, services and shopping located nearby.
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 The Ridge at Lebanon 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 Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 865ft2 | Call for Price† |
| Two Bedroom (2/2) | 1083ft2 | Call for Price† |
| Three Bedroom (3/2) | 1196ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $34,950 / year | $39,950 / year | $44,950 / year | $49,900 / year | $53,900 / year | $57,900 / year |
| 50% AMI for PBRA Units | $34,950 / year | $39,950 / year | $44,950 / year | $49,900 / year | $53,900 / year | $57,900 / year |
| 60% AMI for LIHTC Units | $41,940 / year | $47,940 / year | $53,940 / year | $59,880 / year | $64,680 / year | $69,480 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Ridge at Lebanon have a waiting list?
The Ridge at Lebanon 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 The Ridge at Lebanon?
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 The Ridge at Lebanon?
The Ridge at Lebanon is managed by RichSmith Management headquartered in North Little Rock, AR.
In addition to The Ridge at Lebanon, how many other affordable housing properties (and units) are there in Lebanon?
In addition to The Ridge at Lebanon, we list 38 other affordable properties in Lebanon. Learn about these properties here. Our data research shows that there are a total of 1717 affordable units in Lebanon.
415 Rome Pike, Lebanon, Tennessee 37087
Prepare to pay a fee to apply for units that accept Section 8 vouchers.
While there is no charge for Section 8 applications, a private landlord may charge a fee to apply for an available unit.Kimberly Leighton says:
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