Rancho Vista Apartments

1386 Village Way #7, Gardnerville, Nevada 89410

Rancho Vista Apartments, located at 1386 Village Way #7 in Gardnerville, has one, two and three bedroom apartments. Rancho Vista Apartments participates in the Low-Income Housing Tax Credit (LIHTC) and Section 521 USDA Rental Assistance programs.

Contact Rancho Vista Apartments

Message Rancho Vista Apartments

1 Bedroom Waiting List is Open Now

Currently accepting waiting list applications. As of December 4th, 2018, this list was 21 applications long.

Last updated on December 4th, 2018
2 Bedroom Waiting List is Open Now

Currently accepting waiting list applications. As of December 4th, 2018, this list was 10 applications long.

Last updated on December 4th, 2018
3 Bedroom Waiting List is Open Now

Currently accepting waiting list applications. As of December 4th, 2018, this list was 3 applications long.

Last updated on December 4th, 2018

Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 631 $618
Two Bedroom (2/1) 772 $658
Three Bedroom Townhome (3/2) 1020 $698

Rancho Vista Apartments Details

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

Property Amenities

  • Playground
  • BBQ/Picnic Area
  • Laundry Room

Unit Amenities

  • Cable Ready
  • Spacious Closets
  • Window Coverings
  • Carpet
  • Private Entrance
  • Scenic View
  • Refrigerator
  • Extra Storage

Nearby Amenities

  • Close to Dining
  • Close to Shopping
  • Near Hospital
  • Near Library
  • Near Park
  • Near Schools

Office Hours

Day Hours
Monday 9:00am-4:00pm
Tuesday 9:00am-4:00pm
Wednesday 9:00am-4:00pm
Thursday 9:00am-4:00pm
Friday 9:00am-4:00pm

About Rancho Vista Apartments

Ranchero Vista Apartments is a wonderful affordable community just 8 miles from Tahoe. We are surrounded by beautiful mountain views and are with in walking distance to the grocery, dinning and shopping. We offer 1, 2 & 3 bedroom apartments. Call todau 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.

Gardnerville 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 Gardnerville but actual income limits may differ for units at Rancho Vista Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,350 $17,550 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% $25,550 $29,200 $32,850 $36,500 $39,450 $42,350 $45,300 $48,200
80% $40,900 $46,750 $52,600 $58,400 $63,100 $67,750 $72,450 $77,100

Gardnerville 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 Gardnerville but actual income limits may differ for units at Rancho Vista Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $25,550 $29,200 $32,850 $36,500 $39,450 $42,350 $45,300 $48,200
Low Income (60%) $30,660 $35,040 $39,420 $43,800 $47,340 $50,820 $54,360 $57,840

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

Rancho Vista 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 Rancho Vista 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.

Rancho Vista Apartments is managed by The CBM Group, Inc..

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