River Ridge

101 River Ridge Way, Newport, Tennessee 37821

Contact River Ridge

Located in Newport, Tennessee, River Ridge Apartments offers spacious, affordable, move-in ready apartment homes with 1-, 2-, and 3-bedroom floorplans for low-income individuals and families. Convenient to shopping, dining, great schools, and medical services, River Ridge Apartments provides a clean, comfortable living environment in lovely natural surroundings in the scenic foothills of the Great Smoky Mountains. Each apartment comes equipped with washer/dryer connections, range, dishwasher, and refrigerator with ice maker.

Residents enjoy the community clubhouse with on-site laundry facilities and an outdoor playground and picnic area with pavilion and grilling facilities. Take a tour of your new home today!

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price
Two Bedroom (2/1)	-	Call for Price
Three Bedroom (3/2)	-	Call for Price

Eligibility for River Ridge

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 Newport but actual income limits may differ for units at River Ridge.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$23,400	$26,750	$30,100	$33,400	$36,100	$38,750
Low Income (60%)	$28,080	$32,100	$36,120	$40,080	$43,320	$46,500

River Ridge Details

33 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program

Property Amenities

Playground
Clubhouse
On-Site Manager
Grilling Area
Laundry Facilities
Picnic Area
Community Center

Unit Amenities

Dishwasher
Garbage Disposal
Washer and Dryer Hookup
Cable Ready
Storage
Refrigerator
Oven and Range
Central Heat & Air
Stove
Private Patio and Balcony

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.