Bonanza Pines

4170 E. Bonanza Road, Las Vegas, NV 89110

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Colleen Carter, Ric Gresia

Rent	Beds	Baths	SqFt
Call for Rents^†	1 - 2 Beds	1 Bath	765 - 968 Sq Ft

Call (855) 736-8223

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

Bonanza Pines is an active senior (55+) apartment community offering one and two-bedroom apartment homes in the central area of Las Vegas, Nevada. Seniors seeking an active lifestyle, or the quiet comfort of a caring community will find both at Bonanza Pines. This community is located near shopping, pharmacies, restaurants, and entertainment venues. Amenities include private patios, fitness center and much more.Please see our Amenities tab for more details. Bonanza Pines also offers onsite Resident Services that connects residents to community assistance programs and coordinates volunteer groups to organize community activities such as potlucks, movie nights and BINGO.

Monthly rents at Bonanza Pines start at only $467 per month for a one-bedroom, one-bath home and $605 for a two-bedroom, one-bath. Income restrictions do apply. To qualify, applicants must earn a minimum monthly income of at least 2 ½ times the monthly rent being charged for the apartment. A one-person household must not exceed $24,550 gross annual income. A two-person household must not exceed $28,050 gross annual income. We do not charge for water, sewer, or trash and we do not charge monthly pet fees. Click HERE to contact us for more information and to see if you qualify!

Dave's Thoughts On Bonanza Pines

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Bonanza Pines does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 20/50 election, this property has agreed to set aside at least 20% of its units for families and individuals earning 50% of Area Median Income (AMI). Many of these properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with very low incomes.

~ Dave Layfield, Founder of Affordable Housing Online

Bonanza Pines Amenities

Elevator
Fitness Center
BBQ and Picnic Area
Business Center
Laundry Facility

Units at Bonanza Pines

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	765ft²	Call for Price^†
Two Bedroom (2/1)	968ft²	Call for Price^†

Income Qualification for Bonanza Pines

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people
50% AMI for LIHTC Units	$30,350 / year	$34,650 / year	$39,000 / year	$43,300 / year
50% AMI for PBRA Units	$30,350 / year	$34,650 / year	$39,000 / year	$43,300 / year
60% AMI for LIHTC Units	$36,420 / year	$41,580 / year	$46,800 / year	$51,960 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Bonanza Pines

Does Bonanza Pines have a waiting list?

Bonanza Pines probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Bonanza Pines?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

In addition to Bonanza Pines, how many other affordable housing properties (and units) are there in Las Vegas?

In addition to Bonanza Pines, we list 142 other affordable properties in Las Vegas. Learn about these properties here. Our data research shows that there are a total of 16667 affordable units in Las Vegas.