Rent Prices

The actual rent is determined by the income of the tenant. (30% of the area medium gross income, AMGI 50% of the AMGI, 60% of the AMGI and 80% of the AMGI or market rent because they exceed 80%).

Funding Programs:

The Low Income Housing Tax Credit program requires that 116 units be reserved for residents with incomes at 50 percent Area Median Income (AMI) and 116 units for residents with incomes at 60 percent AMI. Ridge at Trinity Apartments provides the buyer with an opportunity to add great value considering Project-based section 8 HPA rental assistance and the current below market occupancy.