Ferncliff North Apartments

3533 Ferncliff Ave NW , Roanoke, Virginia 24017

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Ferncliff North Apartments is managed by TM Associates Management, Inc.

Ferncliff North is an affordable apartment community offering 1-, 2-, and 3-bedroom units. This community offers many amenities including a laundry facility, on-site maintenance and management, and a playground.

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - Call for Price
Two Bedroom (2/1) - Call for Price
Three Bedroom (3/1.5) - Call for Price

Eligibility for Ferncliff North 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 Roanoke but actual income limits may differ for units at Ferncliff North Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person
30% $19,200 $21,950 $24,860 $30,000 $35,140 $40,280
50% $32,000 $36,600 $41,150 $45,700 $49,400 $53,050
80% $51,200 $58,500 $65,800 $73,100 $78,950 $84,800

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 Roanoke but actual income limits may differ for units at Ferncliff North Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person
Very Low Income (50%) $32,000 $36,600 $41,150 $45,700 $49,400 $53,050
Low Income (60%) $38,400 $43,920 $49,380 $54,840 $59,280 $63,660

Ferncliff North Apartments Details

  • 144 one, two and three bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 8 Project-Based Rental Assistance (PBRA)

Property Amenities

  • Playground
  • On-Site Manager
  • On-Site Maintenance
  • Laundry Facilities
  • Smoke Free
  • High Speed Internet Access

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Refrigerator
  • Oven and Range

Office Hours

Day Hours
Monday 8:00am-5:00pm
Tuesday 8:00am-5:00pm
Wednesday 8:00am-5:00pm
Thursday 8:00am-5:00pm
Friday 8:00am-5:00pm
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 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.

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