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River Valley Homes

308 McGuire Dr E, Iola, Kansas 66749

Spacious three bedrooms with two full baths, these 30 homes are all brick with beautiful landscaping. With two floor plans to choose from, these homes feature full kitchens, dining areas, and large living rooms.

River Valley Homes is accepting applications and does not have a waiting list.

Last updated on February 27th, 2019

Units

Unit (Bd/Ba) Ft2 Rent
Three Bedroom (3/2) 1320 $410

River Valley Homes Details

  • 30 0 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Garage

Unit Amenities

  • Ceiling Fan(s)
  • Dishwasher
  • Garbage Disposal
  • Microwave
  • Washer/Dryer Hookup
  • Refrigerator
  • Oven and Range
  • Central Heat & Air
  • Stove
  • Mini Blinds & Curtain Rods

Office Hours

Day Hours
Monday 8:00am-5:00pm
Tuesday 8:00am-5:00pm
Wednesday 8:00am-5:00pm
Thursday 8:00am-5:00pm
Friday 8:00am-5:00pm

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.

Iola 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 Iola but actual income limits may differ for units at River Valley Homes.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $22,650 $25,850 $29,100 $32,300 $34,900 $37,500 $40,100 $42,650
Low Income (60%) $27,180 $31,020 $34,920 $38,760 $41,880 $45,000 $48,120 $51,180
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