Post Ridge Apartments

219 Josephine Ave, Madison, West Virginia 25130

Contact Post Ridge Apartments

Post Ridge Apartments is located in the town of Madison, and in close walking distance to local schools, convenient stores, restaurants, and the courthouse. There are 2 bedroom units divided into two separate buildings. Each unit has two bedrooms, a walk-in closet, dining room, kitchen, one-bathroom, large living room, and commercial heating/air units. A storage unit is also available for each unit for private storage!

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

Eligibility for Post Ridge Apartments

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 Madison but actual income limits may differ for units at Post Ridge Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$26,700	$30,500	$34,300	$38,100
Low Income (60%)	$32,040	$36,600	$41,160	$45,720

Post Ridge Apartments Details

24 two bedroom units.
Water and Sewer utilities included in rent
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance

Property Amenities

Laundry Room
24hr Emergency Maintenance
On-Site Parking
Lawn Care

Unit Amenities

Private Entrance
Refrigerator
Water Trash and Sewer Included

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 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.