About This Property
Ridgeview Terrace Apartments offers 80 units of affordable housing in Mt. Vernon, Washington, serving elderly and disabled residents. The property includes 73 one-bedroom and 7 two-bedroom units and has been in service since 2005. This non-profit owned community utilizes 9% Low-Income Housing Tax Credits to maintain affordability.
Property Details
Fair Market Rent - Skagit County, WA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,123 |
| 1 Bedroom | $1,279 |
| 2 Bedroom | $1,657 |
| 3 Bedroom | $2,335 |
| 4 Bedroom | $2,590 |
Income Limits - Skagit County, WA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,300
- Very Low (50%)
- $28,850
- Low (80%)
- $46,100
- Extremely Low (30%)
- $19,800
- Very Low (50%)
- $32,950
- Low (80%)
- $52,650
- Extremely Low (30%)
- $22,250
- Very Low (50%)
- $37,050
- Low (80%)
- $59,250
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $41,150
- Low (80%)
- $65,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $44,450
- Low (80%)
- $71,100
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $47,750
- Low (80%)
- $76,350
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $51,050
- Low (80%)
- $81,600
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $54,350
- Low (80%)
- $86,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,300 | $28,850 | $46,100 |
| 2 Persons | $19,800 | $32,950 | $52,650 |
| 3 Persons | $22,250 | $37,050 | $59,250 |
| 4 Persons | $26,500 | $41,150 | $65,800 |
| 5 Persons | $31,040 | $44,450 | $71,100 |
| 6 Persons | $35,580 | $47,750 | $76,350 |
| 7 Persons | $40,120 | $51,050 | $81,600 |
| 8 Persons | $44,660 | $54,350 | $86,900 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mount Vernon, WA?+
The Fair Market Rent (FMR) for Skagit County, WA is: $1123 (Studio), $1279 (1BR), $1657 (2BR), $2335 (3BR), $2590 (4BR). Actual rent at subsidized properties like Ridgeview Terrace Apts is typically 30% of household income or less.
What size apartments are available at Ridgeview Terrace Apts?+
Ridgeview Terrace Apts offers the following unit types: 73 One-Bedroom, 7 Two-Bedroom units, for a total of 80 units.
What is the price range for apartments in Mount Vernon, WA?+
Based on Fair Market Rent for Skagit County, the estimated price range is: 1-bedroom: $1279, 2-bedroom: $1657. Actual rent at Ridgeview Terrace Apts may be lower for income-eligible households.
Who manages Ridgeview Terrace Apts?+
Ridgeview Terrace Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Ridgeview Terrace Apts?+
Ridgeview Terrace Apts primarily serves elderly residents, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Skagit County, WA?+
For a 4-person household in Skagit County, WA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $41,150, Low Income (80% AMI): $65,800. These limits are set by HUD and updated annually.
How do I apply for housing at Ridgeview Terrace Apts?+
Ridgeview Terrace 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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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