The Park at Ridgedale

5001 Ridgedale Parkway #107, Richmond, VA 23234

Waiting List Forecast: Likely Short or None

check_circleVerified for 2024 by Amanda Riegger, Connor Bailey

Rent	Beds	Baths	SqFt
$1,266 per Month^†	1 - 2 Beds	1 Bath	-

Call (804) 271-4166 Email

Waitlist Forecast

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.

Welcome to The Park at Ridgedale, where senior living has just reached new heights in Richmond, VA. Immerse yourself in the epitome of 55+ independent living at its finest. The Park at Ridgedale is designed to exceed your expectations, offering a maintenance-free lifestyle that allows you to embrace a renewed sense of freedom.

This community is a well-kept secret waiting for you to discover. Picture yourself surrounded by the tranquility of the beautifully landscaped courtyard, where you can relax with neighbors or participate in resident activities in the spacious 2,000 sq ft. community room. If you crave some quiet time, unwind in the library or break a sweat in the wellness center. Treat yourself to a pampering session in the on-site beauty salon and barber shop – your every need is catered to at The Park at Ridgedale.

Conveniently located to grocery stores, area hospitals, and more, The Park at Ridgedale ensures you have easy access to all essentials. Chesterfield County welcomes you to a vibrant 55+ senior living community. Come experience the unparalleled lifestyle offered by The Park at Ridgedale.

The Park at Ridgedale is a senior community that offers a selection of 1- and 2-bedroom apartments to residents that are 55 years of age or older, have a household income that is no more than 60% of the area's median income (AMI), and who meet the following criteria.

Dave's Thoughts On The Park at Ridgedale

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 Park at Ridgedale 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. 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

The Park at Ridgedale Amenities

Elevator
Fitness Center
BBQ and Picnic Area
Community Room
On-Site Manager
Off-Street Parking
Air Conditioning
Dishwasher
Washer and Dryer Hookup
Cable Ready
Carpet
Scenic View
Water Trash and Sewer Included
Resident Service Coordinator
Balconies or Patios Available
On-Site Maintenance
High Speed Internet Access
Courtyard
Energy Efficient Appliances
Large Closets
Wheel Chair Accessible

Units at The Park at Ridgedale

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price^†
Two Bedroom (2/1)	-	$1,266^†

Income Qualification for The Park at Ridgedale

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people
50% AMI for LIHTC Units	$37,350 / year	$42,650 / year	$48,000 / year	$53,300 / year
50% AMI for PBRA Units	$37,350 / year	$42,650 / year	$48,000 / year	$53,300 / year
60% AMI for LIHTC Units	$44,820 / year	$51,180 / year	$57,600 / year	$63,960 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for The Park at Ridgedale

Does The Park at Ridgedale have a waiting list?

The Park at Ridgedale 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 Park at Ridgedale?

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 Park at Ridgedale?

The Park at Ridgedale is managed by TM Associates Management, Inc headquartered in Rockville, Maryland.

In addition to The Park at Ridgedale, how many other affordable housing properties (and units) are there in Richmond?

In addition to The Park at Ridgedale, we list 505 other affordable properties in Richmond. Learn about these properties here. Our data research shows that there are a total of 18088 affordable units in Richmond.

When was the The Park at Ridgedale listing last updated?

The Park at Ridgedale listing on Affordable Housing Online was last updated on 02/15/2024 by Amanda Riegger. Remember, a property's status can change so you should contact the property to confirm.