River Walk Residentials is managed by Grimshaw Investments, LLC .
River Walk Residentials is a 55-plus senior complex offering one- and two-bedroom apartments to applicants who qualify at less than 60% area median income. Located adjacent to Sheridan’s river path system, these units have fully equipped kitchens, compact washers and dryers as well as large-capacity laundry rooms.
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.