Cherry Ridge Apartments offers affordable 2, 3 & 4 Bedroom apartments. Cherry Ridge is professionally managed and is conveniently located near public transportation, medical facilities, shopping and entertainment. Apartments feature Energy Star Appliances, Central Heat and Air, Microwave Ovens, Balcony/Patios and Washer &Dryer Hookups. The Community amenities include a Community Clubhouse with Full Kitchen, a Computer Lounge with Wifi, a Picnic & BBQ area, Basketball Court, an Exercise Room and a Community Laundry Facility. If you are interested in renting at Cherry Ridge please contact a member of their management team today to obtain more detailed community information and rental availability.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
2 Bedroom (2/1) | 880 | Call for Price |
3 Bedroom (3/2) | 1050 | Call for Price |
4 Bedroom (4/2) | 1350 | 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 the Low-Income Housing Tax Credit program in South Sioux City but actual income limits may differ for units at Cherry Ridge Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $30,250 | $34,550 | $38,850 | $43,150 | $46,650 | $50,100 | $53,550 | $57,000 |
Low Income (60%) | $36,300 | $41,460 | $46,620 | $51,780 | $55,980 | $60,120 | $64,260 | $68,400 |
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.