Riverbank Family Apartments is managed by USA Properties Fund.
Come experience superior living at an affordable price! Contact this property today, the friendly management team is happy to help you move into your new home.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
2 Bedroom (2/1) | 1 | $360 |
3 Bedroom (3/2) | 1 | Call for Price |
4 Bedroom (4/2) | 1 | Call for Price |
Not accepting applications. Estimated wait time is one (1) and a half to two (2) years.
Last updated on January 31st, 2019Generally, 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 Riverbank but actual income limits may differ for units at Riverbank Family Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $29,550 | $33,800 | $38,000 | $42,200 | $45,600 | $49,000 | $52,350 | $55,750 |
Low Income (60%) | $35,460 | $40,560 | $45,600 | $50,640 | $54,720 | $58,800 | $62,820 | $66,900 |
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.