The 5115 at The Rising is managed by The NRP Group LLC.
The 5115 at the Rising is more than just an apartment building or development. It is a vision for the future of an inclusive, spirited community. It is a place where residents can live, gather and grow together in Cleveland, Ohio.
The 5115 at the Rising is the first piece of what will be a collection of modern mixed-use buildings located in the heart of Cleveland's Slavic Village. The first phase will feature 88 accessibly priced, one- and two- and three-bedroom apartment homes along with three- bedroom townhomes and serve as the new space for University Settlement.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | 710 | Call for Price |
Two Bedroom (2/1) | 915 | Call for Price |
Three Bedroom (3/1.5) | 1091 | Call for Price |
Three Bedroom (3/1.5) | 1169 | Call for Price |
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.