Otto Merida Desert Villas

50 N Honolulu St, Las Vegas, Nevada 89110

Otto Merida Desert Villas , located at 50 N Honolulu St in Las Vegas, NV has 2, 3 and 4 bedroom apartments. Otto Merida Desert Villas participates in the Low-Income Housing Tax Credit (LIHTC) and Public Housing programs.

Units

Unit (Bd/Ba) Ft2 Rent
Two Bedroom One Bath (2/1) - Call for Price
Three Bedroom One Bath (3/1) - Call for Price
Four Bedroom Two Bath (4/2) - Call for Price

Otto Merida Desert Villas Details

  • 60 2, 3 and 4 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Public Housing

Property Amenities

  • On-Site Maintenance
  • High Speed Internet Access
  • Courtyard
  • Convenient Location
  • Heat Included
  • Wheel Chair Accessible

Unit Amenities

  • Air Conditioning
  • Spacious floor plans
  • Fully Equipped Kitchen

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.

Public Housing

Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.

Las Vegas 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 Las Vegas but actual income limits may differ for units at Otto Merida Desert Villas .

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $17,200 $19,650 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% $28,650 $32,750 $36,850 $40,900 $44,200 $47,450 $50,750 $54,000
80% $45,850 $52,400 $58,950 $65,450 $70,700 $75,950 $81,200 $86,400

Las Vegas 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 Las Vegas but actual income limits may differ for units at Otto Merida Desert Villas .

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $28,650 $32,750 $36,850 $40,900 $44,200 $47,450 $50,750 $54,000
Low Income (60%) $34,380 $39,300 $44,220 $49,080 $53,040 $56,940 $60,900 $64,800

Otto Merida Desert Villas is managed by Southern Nevada Regional Housing Authority.

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