About This Property
Lahontan Springs Apartments comprises 48 units in Fernley, Nevada, with 47 units designated as low-income housing. The community serves families with a unit mix that includes 24 two-bedroom and 4 four-bedroom apartments. The property has been in service since 2005.
Property Details
Fair Market Rent - Lyon 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 | $1,006 |
| 1 Bedroom | $1,052 |
| 2 Bedroom | $1,225 |
| 3 Bedroom | $1,726 |
| 4 Bedroom | $2,079 |
Income Limits - Lyon 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 Fernley, NV?+
The Fair Market Rent (FMR) for Lyon County, NV is: $1006 (Studio), $1052 (1BR), $1225 (2BR), $1726 (3BR), $2079 (4BR). Actual rent at subsidized properties like Lahontan Springs Apartments is typically 30% of household income or less.
What size apartments are available at Lahontan Springs Apartments?+
Lahontan Springs Apartments offers the following unit types: 24 Two-Bedroom, 4 Four-Bedroom units, for a total of 48 units.
What is the price range for apartments in Fernley, NV?+
Based on Fair Market Rent for Lyon County, the estimated price range is: 2-bedroom: $1225. Actual rent at Lahontan Springs Apartments may be lower for income-eligible households.
Who is eligible to live at Lahontan Springs Apartments?+
Lahontan Springs Apartments primarily serves families. 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 Lahontan Springs Apartments?+
Lahontan Springs 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.
Who manages Lahontan Springs Apartments?+
Lahontan Springs Apartments is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Lyon County, NV?+
For a 4-person household in Lyon 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.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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