Affordable Housing In Sparks
Washoe County, Nevada

11 Low Income Apartment Communities In Sparks

Banbridge Apartments

1000 El Rancho Dr
Sparks, NV
Call For Rent
1-2 BR
HCV Welcome

Grace Senior Apartments

1286 Commerce St
Sparks, NV
HCV Welcome

City Hall Apartments

625 5th St
Sparks, NV
HCV Welcome

Spanish Hills, Ltd Partnership

Apn 510-040-05
Sparks, NV
HCV Welcome

Reno

Spanish Hills Apartments
Sparks, NV
HCV Welcome

Home Suites Apartments

615 E Lincoln Way
Sparks, NV
HCV Welcome

Sparks ( City of )

2650 16th St
Sparks, NV
HCV Welcome

Sierra Crest Senior Apartments

795 Prater Way
Sparks, NV
HCV Welcome

Spanish Hills Apartments

1475 Vista del Rancho Pkwy
Sparks, NV
HCV Welcome

Rha Silver Sage Court

2455 Orovada St
Sparks, NV
HCV Welcome

Housing Authorities that serve Sparks

Housing Authority Programs
Reno Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Moving to Work

Guide To Affordable Housing in Sparks, Nevada

According to federal housing data and AffordableHousingOnline.com research, there are 11 low income housing apartment communities offering 1,314 affordable apartments for rent in Sparks, Nevada. Sparks features 34 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 1,280 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Sparks.

Sparks, NV Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 1,314
Total Housing Units with Rental Assistance 34
Percentage of Housing Units Occupied By Renters 42.83%
Average Renter Household Size 2.69
Average Household Size 2.66
Median Household Income $52,795 ±$1,917
Median Rent $954 ±$28
Percentage Of Renters Overburdened 47.49% ± 3.46pp
Total Population 93,437

Population and Household Demographics

Sparks is a City in Washoe County, Nevada with a population of 93,437. There are 34,986 households in the city with an average household size of 2.66 persons. 42.83% of households in Sparks are renters.

Income and Rent Overburden in Sparks

The median gross income for households in Sparks is $52,795 a year, or $4,400 a month. The median rent for the city is $954 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Sparks, a household making less than $3,180 a month would be considered overburdened when renting an apartment at or above the median rent. 47.49% of households who rent are overburdened in Sparks.1

Area Median Income In Sparks

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Sparks, the AMI is calculated from all households within Washoe County.

In Sparks, HUD calculates the Area Median Income for a family of four as $78,100

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Sparks

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Sparks HUD Rental Assistance in Sparks

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,450 $18,800 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $27,350 $31,250 $35,150 $39,050 $42,200 $45,300 $48,450 $51,550
80% of Median $43,750 $50,000 $56,250 $62,500 $67,500 $72,500 $77,500 $82,500
Low Income Housing Tax Credits in Sparks

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2000 to 2009, 4 low income apartment communities containing 643 rental apartments have been constructed and made affordable to low income persons in Sparks by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Sparks

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $27,350 $31,250 $35,150 $39,050 $42,200 $45,300 $48,450 $51,550
60% of Median $32,820 $37,500 $42,180 $46,860 $50,640 $54,360 $58,140 $61,860

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Sparks is $42,180 a year, or $3,515 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,515 by 30% to get a maximum rent of $1,055 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $684 $733 $879 $1,016 $1,133 $1,250
60% $821 $879 $1,055 $1,219 $1,359 $1,500
Fair Market Rents in Sparks

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$698 $846 $1,071 $1,545 $1,880