Ridge View Apartments

107 Sheridon Rd, Eastman, Wisconsin 54626

Ridge View Apartments, located at 107 Sheridon Rd in Eastman, has one bedroom apartments. Ridge View Apartments participates in the Low-Income Housing Tax Credit (LIHTC), Section 515 Rural Rental Housing and Section 521 USDA Rental Assistance programs.

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - $540

Ridge View Apartments Details

  • 8 one bedroom units.
  • Project-Based Rental Assistance
  • Persons With Disabilities
  • Senior (62+)

Property Amenities

  • Community Room
  • On-Site Management
  • Online Payments Accepted
  • Laundry Facilities

Unit Amenities

  • Dishwasher
  • Garbage Disposal
  • Electric Range

About Ridge View Apartments

Ridge View Apartments serves residents 62 and older or handicapped/disabled of any age and offers 1 bedroom apartments at a convenient location in Eastman, Wisconsin. The spacious apartments include energy efficient electric appliances, dishwashers, and laminate flooring. The community is tobacco-free and features a laundry facility, community room, on-site office, and more. Ridgeview is near shopping and dining, and is 2 minutes from Eastman ballpark.

Pet Policy: A one-time deposit of three hundred dollars ($300) is required for each pet, excluding those that meet and are approved based on reasonable accommodations and modifications.  Resident agrees that any damage to the unit will be paid by the Resident. No pet is permitted if the anticipated weight at maturity exceeds 25 pounds.  Puppies of large breed dogs will NOT be permitted, as they are anticipated to exceed the 25-pound limit.  A Resident is only allowed one (1) pet per unit.  Pets other than a cat or dog, when allowed, must be kept in a cage in the unit.  NOT ALLOWED under any circumstances:  Snakes, Spiders, Ferrets, Pot Belly Pigs or other Reptiles.

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Eastman 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 Eastman but actual income limits may differ for units at Ridge View Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $23,950 $27,400 $30,800 $34,200 $36,950 $39,700 $42,450 $45,150
Low Income (60%) $28,740 $32,880 $36,960 $41,040 $44,340 $47,640 $50,940 $54,180

Ridge View 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.

Ridge View Apartments is managed by Woda Cooper Companies, Inc..