Cottonwood Village

2655 Yori Ave, Reno, Nevada 89502

There are 11 1-bedroom units, 26 2-bedroom units, and 6 three-bedroom units. Many of the social and supportive services are located at the on-site Community Building. Cottonwood Village welcomes and encourages families in transition or who have a disabled family member to apply not only for a quality apartment, but also for services that will help strengthen family self-sufficiency and success.

Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - Call for Price
Two Bedroom (2/1) - Call for Price
Three Bedroom (3/1.5) - Call for Price

Cottonwood Village Details

  • 43 0, 0 and 0 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • HOME Investment Partnerships Program

Property Amenities

  • Tot Lot
  • Laundry Room(s)
  • Off Street Parking
  • 24 Hour Maintenance
  • Picnic Area

Unit Amenities

  • Balconies or Patios Available
  • Heat and Air

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Reno 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 Reno but actual income limits may differ for units at Cottonwood Village.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $29,250 $33,400 $37,600 $41,750 $45,100 $48,450 $51,800 $55,150
Low Income (60%) $35,100 $40,080 $45,120 $50,100 $54,120 $58,140 $62,160 $66,180
Image of Cottonwood Village

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