Terrace Ridge LIHTCPB Section 8 Troy, OH
Profile last updated · Data vintage: HUD FY2025
Terrace Ridge is a Project-Based Section 8 community in Troy, OH with 167 units reporting 96% occupancy. Assisted residents pay about $364/month on average.
167
total units
96%
occupancy
$364
avg resident rent
—
reported wait
Resident & program facts (HUD-reported)
| Program(s) | Project-Based Section 8, Low-Income Housing Tax Credit (LIHTC) |
|---|---|
| Address | 1312 McKaig Ave, Troy, OH 45373 Map → |
| Average household income | $15,069/yr |
| Average personal income | $12,762/yr |
| People per unit | 1.2 |
| Moved in within last year | 11% |
| Households below 30% AMI | 83% |
| Households below 50% AMI | 98% |
| One-bedroom share | 77% |
How to apply at Terrace Ridge
LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.
- Call or visit the management office at 1312 McKaig Ave, Troy; ask if the waitlist is open and request an application.
- Gather ID, Social Security cards, birth certificates, and proof of all income. Applications are always free.
- Claim eligible preferences (homelessness, veteran, local residency) with documentation.
- Respond fast to interview letters; verify rent expectations against your budget (~$364/mo average here).
Other subsidized housing in Troy
- Floral View Public Housing
- Garden Manor Apts PB Section 8
- Buckeye Community Apts LIHTC
- Staunton Commons LIHTCPB Section 8
- New Staunton Commons , Ltd. PB Section 8
- Staunton Commons Ii LIHTCPB Section 8
Nearby subsidized housing (within ~10 km)
| Property | Location | Distance |
|---|---|---|
| Wind Ridge Apts LIHTC | Tipp City | 8.5 km |
| Liberty Commons LIHTCPB Section 8 | Tipp City | 9.5 km |
| Collins Rd Properties Dba Liberty C PB Section 8 | Tipp City | 9.5 km |
| Mckinley Commons LIHTCPB Section 8 | West Milton | 12.8 km |
| Forest Park LIHTCPB Section 8 | West Milton | 13.1 km |
| New Forest Park Ltd PB Section 8 | West Milton | 13.1 km |
| Princeton Village PB Section 8 | West Milton | 13.1 km |
← All subsidized housing in Troy
Frequently asked questions
What kind of subsidy does Terrace Ridge have?
Project-Based Section 8; Low-Income Housing Tax Credit (LIHTC). LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.
How much is rent at Terrace Ridge?
Residents report average rents near $364/month in HUD administrative data. Under most federal programs you pay roughly 30% of adjusted income — your actual amount depends on household income and unit size.
How do I apply at Terrace Ridge?
Contact the management office at 1312 McKaig Ave in Troy. Ask whether the waitlist is open, request an application, and claim any preferences you qualify for. There is never a fee to apply for HUD-subsidized housing.