About This Property
Ridgemont Place Apartments is a 36-unit affordable housing community in Mayodan, NC that serves elderly residents. The property includes 34 one-bedroom units and 2 two-bedroom units and has been in service since 1993. The community is funded through 4% Low-Income Housing Tax Credits and provides housing for low-income households.
Property Details
Fair Market Rent - Rockingham County, NC
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $633 |
| 1 Bedroom | $719 |
| 2 Bedroom | $934 |
| 3 Bedroom | $1,198 |
| 4 Bedroom | $1,360 |
Income Limits - Rockingham County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,500
- Low (80%)
- $32,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,400
- Low (80%)
- $37,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,350
- Low (80%)
- $42,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,250
- Low (80%)
- $46,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $31,600
- Low (80%)
- $50,550
- Extremely Low (30%)
- $33,950
- Very Low (50%)
- $33,950
- Low (80%)
- $54,300
- Extremely Low (30%)
- $36,300
- Very Low (50%)
- $36,300
- Low (80%)
- $58,050
- Extremely Low (30%)
- $38,650
- Very Low (50%)
- $38,650
- Low (80%)
- $61,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,500 | $32,800 |
| 2 Persons | $17,420 | $23,400 | $37,450 |
| 3 Persons | $21,960 | $26,350 | $42,150 |
| 4 Persons | $26,500 | $29,250 | $46,800 |
| 5 Persons | $31,040 | $31,600 | $50,550 |
| 6 Persons | $33,950 | $33,950 | $54,300 |
| 7 Persons | $36,300 | $36,300 | $58,050 |
| 8 Persons | $38,650 | $38,650 | $61,800 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mayodan, NC?+
The Fair Market Rent (FMR) for Rockingham County, NC is: $633 (Studio), $719 (1BR), $934 (2BR), $1198 (3BR), $1360 (4BR). Actual rent at subsidized properties like Ridgemont Place Apts is typically 30% of household income or less.
What size apartments are available at Ridgemont Place Apts?+
Ridgemont Place Apts offers the following unit types: 34 One-Bedroom, 2 Two-Bedroom units, for a total of 36 units.
What are the income limits for affordable housing in Rockingham County, NC?+
For a 4-person household in Rockingham County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,250, Low Income (80% AMI): $46,800. These limits are set by HUD and updated annually.
What is the price range for apartments in Mayodan, NC?+
Based on Fair Market Rent for Rockingham County, the estimated price range is: 1-bedroom: $719, 2-bedroom: $934. Actual rent at Ridgemont Place Apts may be lower for income-eligible households.
How do I apply for housing at Ridgemont Place Apts?+
Ridgemont Place Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who manages Ridgemont Place Apts?+
Ridgemont Place Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Ridgemont Place Apts?+
Ridgemont Place Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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