Riverside Village is managed by Schochet Companies.
Riverside Village was originally constructed in the early 1970s and consists of 26 residential buildings and a community building which sit on a beautifully landscaped pastoral campus in Leominster.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | - | Call for Price |
Two Bedroom (2/1) | - | Call for Price |
Three Bedroom (3/2) | - | Call for Price |
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Leominster but actual income limits may differ for units at Riverside Village.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
30% | $22,300 | $25,500 | $28,700 | $31,850 | $35,140 | $40,280 |
50% | $37,150 | $42,450 | $47,750 | $53,050 | $57,300 | $61,550 |
80% | $59,400 | $67,900 | $76,400 | $84,850 | $91,650 | $98,450 |
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.