Lincoln Way Senior Apartments

618 4th St., Sparks, Nevada 89431

Lincoln Way Senior Apartments is a 45-unit three-story elevator served building. The property is conveniently located at the intersection of Lincoln Way and 4th Street in Sparks, NV. Lincoln Way features 31 one-bedroom and 14 two-bedroom apartments that serve residents at or below 45% of area median income. Lincoln Way Seniors provides a Veterans preference for 16 of its units. The community also provides 5 apartments for formerly homeless seniors with project based vouchers administered by the Reno Housing Authority. Lincoln Way Senior Apartments was awarded the Builders Association of Northern Nevada 2016 BANN-er Award for best new affordable housing development.

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

Lincoln Way Senior Apartments Details

45 one and two bedroom units.
HOME Investment Partnerships Program
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Fitness Center
BBQ and Picnic Area
Business Center
Library
Resident Service Coordinator
Energy Efficient Design
Courtyard
Beautiful Landscape
Dog Park

Unit Amenities

Dishwasher
Storage
Refrigerator
Balconies or Patios Available
Stove
Washer and Dryer Included

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.

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.