Cascade Ridge Senior Living is managed by HDA Management.
Living on a fixed income can be challenging, but Cascade Ridge makes it a little easier. The seniors-only community in Great Falls offers affordable one- and two-bedroom, energy-efficient apartments for people 55 and older whose income is at or below 60 percent of the Cascade County area median income.
The affordable housing project was developed in partnership between Benefis Health System and Mountain Plains Equity Group of Billings.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | - | Call for Price |
Two Bedroom (2/1) | - | Call for Price |
The Cascade Ridge waiting list is currently open. The estimated wait length is 1-2 years.
Last updated on July 1st, 2020Generally, 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 Great Falls but actual income limits may differ for units at Cascade Ridge Senior Living.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
Very Low Income (50%) | $29,400 | $33,600 | $37,800 | $42,000 |
Low Income (60%) | $35,280 | $40,320 | $45,360 | $50,400 |
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.