101 River Ridge Way, Newport, TN 37821
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | - |
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.
Located in Newport, Tennessee, River Ridge Apartments offers spacious, affordable, move-in ready apartment homes with 1-, 2-, and 3-bedroom floorplans for low-income individuals and families. Convenient to shopping, dining, great schools, and medical services, River Ridge Apartments provides a clean, comfortable living environment in lovely natural surroundings in the scenic foothills of the Great Smoky Mountains. Each apartment comes equipped with washer/dryer connections, range, dishwasher, and refrigerator with ice maker.
Residents enjoy the community clubhouse with on-site laundry facilities and an outdoor playground and picnic area with pavilion and grilling facilities. Take a tour of your new home today!
Because River Ridge participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, 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) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| Three Bedroom (3/2) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $23,400 / year | $26,750 / year | $30,100 / year | $33,400 / year | $36,100 / year | $38,750 / year |
| 50% AMI for PBRA Units | $23,400 / year | $26,750 / year | $30,100 / year | $33,400 / year | $36,100 / year | $38,750 / year |
| 60% AMI for LIHTC Units | $28,080 / year | $32,100 / year | $36,120 / year | $40,080 / year | $43,320 / year | $46,500 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does River Ridge have a waiting list?
River Ridge 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 River Ridge?
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 River Ridge?
River Ridge is managed by Olympia Management INC headquartered in Albertville, AL.
In addition to River Ridge, how many other affordable housing properties (and units) are there in Newport?
In addition to River Ridge, we list 13 other affordable properties in Newport. Learn about these properties here. Our data research shows that there are a total of 548 affordable units in Newport.
When was the River Ridge listing last updated?
River Ridge listing on Affordable Housing Online was last updated on 03/07/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
299 Dykes St, Newport, Tennessee 37821
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