Timberstone

100 W Cooley St , Show Low, Arizona 85901

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Timberstone Details

  • 80 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 538 Guaranteed Rural Rental Housing

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 538 Guaranteed Rural Rental Housing

Section 538 is an affordable rural rental housing program for households earning incomes at or below 115% of the area median income.

Show Low Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Show Low but actual income limits may differ for units at Timberstone.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $18,200 $20,800 $23,400 $25,950 $28,050 $30,150 $32,200 $34,300
Low Income (60%) $21,840 $24,960 $28,080 $31,140 $33,660 $36,180 $38,640 $41,160

Timberstone is managed by The NRP Group LLC.

Nearby Low Income Apartment Communities

Mountain Park Townhomes

3060 E Show Low Lake Rd
Show Low, Arizona