Ridgecrest Apartments

2570 Woodcliff Drive , Memphis, Tennessee 38127

Contact Ridgecrest Apartments

Ridgecrest Apartments offers 1, 2 and 3 bedroom apartments ranging in size from 542 to 861 sq.ft. Amenities include Air Conditioning and more. For more information, please contact their management office.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	542	Income Based
2 Bedrooms (2/1)	750	Income Based
3 Bedrooms (3/2)	861	Income Based

Eligibility for Ridgecrest 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 Memphis but actual income limits may differ for units at Ridgecrest Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
30%	$17,050	$19,720	$24,860	$30,000	$35,140	$40,280
50%	$28,350	$32,400	$36,450	$40,500	$43,750	$47,000
80%	$45,400	$51,850	$58,350	$64,800	$70,000	$75,200

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 Memphis but actual income limits may differ for units at Ridgecrest Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$28,350	$32,400	$36,450	$40,500	$43,750	$47,000
Low Income (60%)	$34,020	$38,880	$43,740	$48,600	$52,500	$56,400

Ridgecrest Apartments Details

256 one, two and three bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Section 223
Section 221 (d) (3)
Section 236

Property Amenities

Playground
Business Center
Clubhouse
On-Site Manager
On-Site Maintenance
Laundry Facilities
Smoke Free

Unit Amenities

Cable Ready
Carpet
Refrigerator
Balconies or Patios Available
Central Heat & Air
Energy Efficient Appliances

Office Hours

Day	Hours
Monday	9:00am-4:00pm
Tuesday	9:00am-4:00pm
Wednesday	9:00am-12:00pm
Thursday	9:00am-4:00pm
Friday	9:00am-4:00pm

Section 8 Project-Based Rental Assistance (PBRA)

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.

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.

Section 236

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.