About This Property
Cottonwood Apartments comprises 24 one-bedroom units in Searchlight, Nevada, with 23 designated as low-income housing. The property has served elderly residents since 1994 and receives 4% Low-Income Housing Tax Credit financing. The community is professionally managed and continues to provide affordable rental options in Clark County.
Property Details
Fair Market Rent - Clark County, NV
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,214 |
| 1 Bedroom | $1,377 |
| 2 Bedroom | $1,643 |
| 3 Bedroom | $2,315 |
| 4 Bedroom | $2,731 |
Income Limits - Clark County, NV
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,550
- Very Low (50%)
- $27,550
- Low (80%)
- $44,100
- Extremely Low (30%)
- $18,900
- Very Low (50%)
- $31,500
- Low (80%)
- $50,400
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,450
- Low (80%)
- $56,700
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,350
- Low (80%)
- $62,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,500
- Low (80%)
- $68,000
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,650
- Low (80%)
- $73,050
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $48,800
- Low (80%)
- $78,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $51,950
- Low (80%)
- $83,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,550 | $27,550 | $44,100 |
| 2 Persons | $18,900 | $31,500 | $50,400 |
| 3 Persons | $21,960 | $35,450 | $56,700 |
| 4 Persons | $26,500 | $39,350 | $62,950 |
| 5 Persons | $31,040 | $42,500 | $68,000 |
| 6 Persons | $35,580 | $45,650 | $73,050 |
| 7 Persons | $40,120 | $48,800 | $78,100 |
| 8 Persons | $44,660 | $51,950 | $83,100 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Searchlight, NV?+
The Fair Market Rent (FMR) for Clark County, NV is: $1214 (Studio), $1377 (1BR), $1643 (2BR), $2315 (3BR), $2731 (4BR). Actual rent at subsidized properties like Cottonwood Apartments is typically 30% of household income or less.
What size apartments are available at Cottonwood Apartments?+
Cottonwood Apartments offers the following unit types: 24 One-Bedroom units, for a total of 24 units.
What are the income limits for affordable housing in Clark County, NV?+
For a 4-person household in Clark County, NV, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,350, Low Income (80% AMI): $62,950. These limits are set by HUD and updated annually.
Who is eligible to live at Cottonwood Apartments?+
Cottonwood Apartments primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Cottonwood Apartments?+
Cottonwood Apartments is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Cottonwood Apartments?+
Cottonwood Apartments 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.
What is the price range for apartments in Searchlight, NV?+
Based on Fair Market Rent for Clark County, the estimated price range is: 1-bedroom: $1377. Actual rent at Cottonwood Apartments may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent