Banbridge Apartments

1000 El Rancho Dr, Sparks, Nevada 89431

Banbridge Apartments, located at 1000 El Rancho Dr in Sparks, has one and two bedroom apartments. Banbridge Apartments participates in the Low-Income Housing Tax Credit (LIHTC) program.

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 592 Call for Price
2 Bedroom (2/2) 837-898 Call for Price

Banbridge Apartments Details

  • 128 one and two bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Playground
  • Clubhouse
  • Covered Parking
  • On-Site Maintenance
  • Pet Friendly

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Garbage Disposal
  • Cable Ready
  • Window Coverings
  • Carpet
  • Refrigerator

Nearby Amenities

  • Close to Public Transportation

Office Hours

Day Hours
Monday 9:00am-6:00pm
Tuesday 9:00am-6:00pm
Wednesday 9:00am-6:00pm
Thursday 9:00am-6:00pm
Friday 9:00am-6:00pm

About Banbridge Apartments

At Banbridge Apartments, our community offers quiet, comfortable and convenient living at a reasonable price. An outstanding management team will ensure prompt service and a second-to-none experience. In-home perks include  ceilings fans and spacious one and two bedroom apartment homes. All units at Banbridge are equipped with air conditioning, stove, refrigerator, and vertical blinds. Our homes also feature wall-to-wall carpeting. Banbridge Apartments is proof that comfortable living does not have to be high dollar.

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.

Sparks 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 Sparks but actual income limits may differ for units at Banbridge 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

Banbridge 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.

Banbridge Apartments is managed by Peak Living, LLC.

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