Pony Run Apartments

211 S. 17Th Street, Marysville, Kansas 66508

Pony Run Apartments, located at 211 S. 17Th Street in Marysville, has one, two and three bedroom apartments. Pony Run Apartments participates in the Low-Income Housing Tax Credit (LIHTC) and Section 521 USDA Rental Assistance programs.

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Message Pony Run Apartments

Units

Unit (Bd/Ba) Ft2 Rent
1 BR (1/1) 550 Income Based
2 BR (2/1) 652 Income Based
3 BR (3/2) 822 Income Based

Pony Run Apartments Details

  • 24 one, two and three bedroom units.
  • Project-Based Rental Assistance

Property Amenities

  • Playground
  • 24hr Emergency Maintenance
  • Off-Street Parking
  • Gazebo
  • On-Site Management
  • Emergency Pull Cord
  • Peaceful Community
  • Landscaping
  • Snow Removal
  • On-Site Maintenance
  • Coin-Operated Laundry

Unit Amenities

  • Air Conditioning
  • Refrigerator
  • Water Trash and Sewer Included
  • Energy Saving Windows
  • Blinds
  • Stove
  • Cable & Internet Ready
  • Fully Equipped Kitchen
  • Private Porch

About Pony Run Apartments

Pony Run Apartments offers style and convenience in our spacious one, two and three bedroom units. We are conveniently located within walking distance to downtown Marysville, schools and churches. Call us today for more information.

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 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Marysville HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Marysville but actual income limits may differ for units at Pony Run Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $14,000 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% $23,300 $26,600 $29,950 $33,250 $35,950 $38,600 $41,250 $43,900
80% $37,250 $42,600 $47,900 $53,200 $57,500 $61,750 $66,000 $70,250

Marysville 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 Marysville but actual income limits may differ for units at Pony Run Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $23,300 $26,600 $29,950 $33,250 $35,950 $38,600 $41,250 $43,900
Low Income (60%) $27,960 $31,920 $35,940 $39,900 $43,140 $46,320 $49,500 $52,680

These general income qualifications for Marysville, Kansas should only be used as a basic guide. To find out if you qualify, contact the community directly.

Pony Run Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD-Assisted Housing. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since Pony Run Apartments has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Pony Run Apartments is managed by MetroPlains Management, LLC.

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Image of Pony Run Apartments

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