Southridge Apartments
1550 Sky Valley Drive, Reno, Nevada 89523
Southridge Apartments, located at 1550 Sky Valley Drive in Reno, has studio, two and three bedroom apartments. Southridge Apartments participates in the Low-Income Housing Tax Credit (LIHTC) program.
Units
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | 504 | Call for Price |
| Two Bedroom (2/2) | 804 | $775 |
| Three Bedroom (3/2) | 1177 | $850 |
Southridge Apartments Details
- 100 studio, two and three bedroom units.
- Accepts Section 8 Housing Choice Vouchers (HCV)
Property Amenities
- Playground
- BBQ/Picnic Area
- Community Room
- Laundry Room
- 24hr Emergency Maintenance
Unit Amenities
- Air Conditioning
- Cable Ready
- Window Coverings
- Carpet
- Patio, Deck Or Balcony
- Private Entrance
- Refrigerator
Nearby Amenities
- Close to Business District
- Close to Dining
- Close to Downtown District
- Close to Public Transportation
- Close to Shopping
- Near Hospital
- Near Library
- Near Park
- Near Schools
About Southridge Apartments
Nice affordable housing mix income apartment family community located in Reno, NV. Close to shopping, restaurants, schools, BBQ pits, skyline view, basketball court and public transportation. On-site laundry facility and playground for kids. Please contact office for more details.
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.
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 Southridge Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| Very Low Income (50%) | $27,350 | $31,250 | $35,150 | $39,050 | $42,200 | $45,300 | $48,450 | $51,550 |
| Low Income (60%) | $32,820 | $37,500 | $42,180 | $46,860 | $50,640 | $54,360 | $58,140 | $61,860 |
Southridge Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.
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.
Southridge Apartments is managed by USA Multifamily Management.
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