About This Property
Highland Terrace offers 60 low-income residential units in Ely, Nevada. The property features a mix of one, two, and three-bedroom apartments, with 17 one-bedroom, 14 two-bedroom, and 2 three-bedroom units available. Placed in service in 2014, the community was developed with HOME program funding.
Property Details
Fair Market Rent - White Pine 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 | $871 |
| 1 Bedroom | $976 |
| 2 Bedroom | $1,282 |
| 3 Bedroom | $1,618 |
| 4 Bedroom | $2,144 |
Income Limits - White Pine 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 Ely, NV?+
The Fair Market Rent (FMR) for White Pine County, NV is: $871 (Studio), $976 (1BR), $1282 (2BR), $1618 (3BR), $2144 (4BR). Actual rent at subsidized properties like Highland Terrace is typically 30% of household income or less.
What size apartments are available at Highland Terrace?+
Highland Terrace offers the following unit types: 17 One-Bedroom, 14 Two-Bedroom, 2 Three-Bedroom units, for a total of 60 units.
How do I apply for housing at Highland Terrace?+
Highland Terrace is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 Highland Terrace?+
Highland Terrace is managed by . You can reach them at .
What are the income limits for affordable housing in White Pine County, NV?+
For a 4-person household in White Pine 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.
What is the price range for apartments in Ely, NV?+
Based on Fair Market Rent for White Pine County, the estimated price range is: 1-bedroom: $976, 2-bedroom: $1282, 3-bedroom: $1618. Actual rent at Highland Terrace may be lower for income-eligible households.
Walk Score
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