201 S Wells Ave, Reno, NV 89502
Waiting List Forecast: Likely Short or None
Verified for 2023 by Joshua CappellRent | Beds | Baths | SqFt |
---|---|---|---|
Call for Rents† | 1 - 2 Beds | 1 Bath | 623 - 801 Sq Ft |
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.
The Willows at Wells Senior Community offers 1 and 2 bedroom units. For more information about leasing, please contact the The Willows at Wells Senior Community leasing office.
Because The Willows at Wells Senior Community participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | 623ft2 | Call for Price† |
2 Bedroom (2/1) | 801ft2 | Call for Price† |
AMI* | 1 person | 2 people | 3 people | 4 people |
---|---|---|---|---|
50% AMI for LIHTC Units | $34,650 / year | $39,600 / year | $44,550 / year | $49,450 / year |
50% AMI for PBRA Units | $34,650 / year | $39,600 / year | $44,550 / year | $49,450 / year |
60% AMI for LIHTC Units | $41,580 / year | $47,520 / year | $53,460 / year | $59,340 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Willows at Wells Senior Community have a waiting list?
The Willows at Wells Senior Community 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 The Willows at Wells Senior Community?
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.
What property management company manges The Willows at Wells Senior Community?
The Willows at Wells Senior Community is managed by Manage Inc
In addition to The Willows at Wells Senior Community, how many other affordable housing properties (and units) are there in Reno?
In addition to The Willows at Wells Senior Community, we list 188 other affordable properties in Reno. Learn about these properties here. Our data research shows that there are a total of 5630 affordable units in Reno.
When was the The Willows at Wells Senior Community listing last updated?
The Willows at Wells Senior Community listing on Affordable Housing Online was last updated on 01/03/2023 by Joshua Cappell. Remember, a property's status can change so you should contact the property to confirm.
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