Elizabeth Way Apartments is managed by RLJ Management.
Elizabeth Way Apartments, located in Ripley, West Virginia, is a newly constructed LIHTC community serving seniors aged 62 years and older. Elizabeth Way is a 3-story, elevator-served building consisting of 14 one-bedroom units and 18 two-bedroom units. The property offers residents access to an office, a multi-purpose room, and a wellness room provided by a grant from the CAHEC Foundation.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom One Bath (1/1) | - | Call for Price |
Two Bedroom One Bath (2/1) | - | Call for Price |
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 538 is an affordable rural rental housing program for households earning incomes at or below 115% of the area median income.