Pine Ridge

101 Pine Ridge Drive, Louisa, Virginia 23093

Contact Pine Ridge

Pine Ridge is an affordable apartment community located in Lousia, Virginia that offers 2-bedroom apartments. The community is conveniently located near local treasures such as Roma Italian Restaurant, Market Street Cafe and Grace Adams Davis Memorial.

Unit (Bd/Ba)	Ft²	Rent
Two Bedroom (2/1)	790	Call for Price

Eligibility for Pine Ridge

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 Louisa but actual income limits may differ for units at Pine Ridge.

AMI Band	1 Person	2 Person	3 Person	4 Person
30%	$18,050	$20,600	$24,860	$30,000
50%	$30,100	$34,400	$38,700	$42,950
80%	$48,100	$55,000	$61,850	$68,700

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 Louisa but actual income limits may differ for units at Pine Ridge.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$30,100	$34,400	$38,700	$42,950
Low Income (60%)	$36,120	$41,280	$46,440	$51,540

Pine Ridge Details

27 two bedroom units.
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Playground
Community Room
Library
Off-Street Parking
Bicycle Storage
Laundry Facilities
Wheel Chair Accessible

Unit Amenities

Air Conditioning
Ceiling Fan(s)
Dishwasher
Cable Ready
Window Coverings
Refrigerator
Energy Efficient Appliances

Office Hours

Day	Hours
Monday	1:00pm-4:30pm
Wednesday	1:00pm-4:30pm
Friday	9:00am-4:30pm

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

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.