About This Property
Valley Commons Apts offers 49 units in Grass Valley, Nevada County, with 47 units designated as low-income housing. The community includes eight 1-bedroom and forty 2-bedroom units and has been in service since 2009. Financing through tax-exempt bonds and 4% Low-Income Housing Tax Credits supports this affordable housing property.
Property Details
Fair Market Rent - Nevada County, CA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,209 |
| 1 Bedroom | $1,217 |
| 2 Bedroom | $1,596 |
| 3 Bedroom | $2,249 |
| 4 Bedroom | $2,708 |
Income Limits - Nevada County, CA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,900
- Very Low (50%)
- $31,450
- Low (80%)
- $50,300
- Extremely Low (30%)
- $21,600
- Very Low (50%)
- $35,950
- Low (80%)
- $57,500
- Extremely Low (30%)
- $24,300
- Very Low (50%)
- $40,450
- Low (80%)
- $64,700
- Extremely Low (30%)
- $26,950
- Very Low (50%)
- $44,900
- Low (80%)
- $71,850
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $48,500
- Low (80%)
- $77,600
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $52,100
- Low (80%)
- $83,350
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $55,700
- Low (80%)
- $89,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $59,300
- Low (80%)
- $94,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,900 | $31,450 | $50,300 |
| 2 Persons | $21,600 | $35,950 | $57,500 |
| 3 Persons | $24,300 | $40,450 | $64,700 |
| 4 Persons | $26,950 | $44,900 | $71,850 |
| 5 Persons | $31,040 | $48,500 | $77,600 |
| 6 Persons | $35,580 | $52,100 | $83,350 |
| 7 Persons | $40,120 | $55,700 | $89,100 |
| 8 Persons | $44,660 | $59,300 | $94,850 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Grass Valley, CA?+
The Fair Market Rent (FMR) for Nevada County, CA is: $1209 (Studio), $1217 (1BR), $1596 (2BR), $2249 (3BR), $2708 (4BR). Actual rent at subsidized properties like Valley Commons Apts is typically 30% of household income or less.
What size apartments are available at Valley Commons Apts?+
Valley Commons Apts offers the following unit types: 8 One-Bedroom, 40 Two-Bedroom units, for a total of 49 units.
Who manages Valley Commons Apts?+
Valley Commons Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Grass Valley, CA?+
Based on Fair Market Rent for Nevada County, the estimated price range is: 1-bedroom: $1217, 2-bedroom: $1596. Actual rent at Valley Commons Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Nevada County, CA?+
For a 4-person household in Nevada County, CA, the income limits are: Extremely Low Income (30% AMI): $26,950, Very Low Income (50% AMI): $44,900, Low Income (80% AMI): $71,850. These limits are set by HUD and updated annually.
Who is eligible to live at Valley Commons Apts?+
Valley Commons Apts primarily serves AT-RISK. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Valley Commons Apts?+
Valley Commons Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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