Timber Ridge Apartment Homes

7500 Timberlake Rd, Lynchburg, Virginia 24502

Contact Timber Ridge Apartment Homes

Presents exquisitely designed one, two and three bedroom apartment homes located only minutes from downtown, great restaurants, exciting entertainment, endless shopping and recreational facilities.

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

Eligibility for Timber Ridge Apartment Homes

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 Lynchburg but actual income limits may differ for units at Timber Ridge Apartment Homes.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$29,050	$33,200	$37,350	$41,500
Low Income (60%)	$34,860	$39,840	$44,820	$49,800

Timber Ridge Apartment Homes Details

96 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 223
Section 221 (d) (3)

Property Amenities

Playground
Clubhouse
On-Site Manager
Pool
Landscaping
24 Hour Maintenance

Unit Amenities

Dishwasher
Private Entrance
Storage
Refrigerator
Blinds
Private Patio and Balcony
Heat and Air
Wall-to-Wall Carpeting

Office Hours

Day	Hours
Monday	8:30am-5:30pm
Tuesday	8:30am-5:30pm
Wednesday	8:30am-5:30pm
Thursday	8:30am-5:30pm
Friday	8:30am-5:30pm

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.