Riverside Manor Apartments

524 N 5th St, Toronto, Ohio 43964

Contact Riverside Manor Apartments

61 apartments in a 4-story building
Serves elderly tenants with Section 8 HAP Contract
FHA Financing, Affordable Housing Tax Credits, Tax Exempt Bond Debt, Ohio Housing Trust Fund Loan and Ohio Housing Finance Agency Home Development Loan
Renovation completed in August 2019

Eligibility for Riverside Manor Apartments

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 Toronto but actual income limits may differ for units at Riverside Manor Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$16,450	$19,720	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50%	$27,450	$31,400	$35,300	$39,200	$42,350	$45,500	$48,650	$51,750
80%	$43,900	$50,200	$56,450	$62,700	$67,750	$72,750	$77,750	$82,800

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 Toronto but actual income limits may differ for units at Riverside Manor Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$27,450	$31,400	$35,300	$39,200	$42,350	$45,500	$48,650	$51,750

Riverside Manor Apartments Details

61 bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 8 New Construction
Section 221 (d) (3)

Unit Amenities

New and Renovated Interior

Low-Income Housing Tax Credit (LIHTC)

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.