Affordable Housing In Washoe County
Nevada
73 Low Income Apartment Communities In Washoe County
Housing Authorities that serve Washoe County
| Housing Authority | Programs |
|---|---|
| Reno Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing; Moving to Work |
Guide To Affordable Housing in Washoe County, Nevada
There are 73 low income housing apartment communities offering 7,427 affordable apartments for rent in Washoe County, Nevada. Washoe County features 2,003 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 5,424 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Washoe County.
Sourced from federal housing data and AffordableHousingOnline.com research.
Washoe County, NV Affordable Housing Snapshot
| Total Affordable Apartment Properties | 73 |
|---|---|
| Total Low Income Apartments | 7,427 |
| Total Housing Units with Rental Assistance | 2,003 |
| Percentage of Housing Units Occupied By Renters | 43.21% |
| Average Renter Household Size | 2.53 |
| Average Household Size | 2.58 |
| Median Household Income | $52,870 ±$1,077 |
| Median Rent | $898 ±$12 |
| Percentage Of Renters Overburdened | 48.07% ± 1.62pp |
| Total Population | 435,019 |
Population and Household Demographics
Washoe County is a County in Nevada with a population of 435,019. There are 166,345 households in the county with an average household size of 2.58 persons. 43.21% of households in Washoe County are renters.
Income and Rent Overburden in Washoe County
The median gross income for households in Washoe County is $52,870 a year, or $4,406 a month. The median rent for the county is $898 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Washoe County, a household making less than $2,993 a month would be considered overburdened when renting an apartment at or above the median rent. 48.07% of households who rent are overburdened in Washoe County.1
Area Median Income In Washoe County
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.
In Washoe County, 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 Washoe County
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 Washoe County HUD Rental Assistance in Washoe County
| 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 Washoe County
The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.
From 1992 to 2011, 34 low income apartment communities containing 4,549 rental apartments have been constructed and made affordable to low income persons in Washoe County 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 Washoe County
| 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 Washoe County 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 Washoe County
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 |
Cities In Washoe County
Select A City to View its Apartment Communities and Waiting Lists.
| City | Listings | Served By |
|---|---|---|
| Reno | 61 | The HUD funded Public Housing Agency that serves Reno is the Reno Housing Authority. |
| Sun Valley | 1 | The HUD funded Public Housing Agency that serves Sun Valley is the Reno Housing Authority. |
| Sparks | 11 | The HUD funded Public Housing Agency that serves Sparks is the Reno Housing Authority. |
| Cold Springs | 0 | The HUD funded Public Housing Agency that serves Cold Springs is the Reno Housing Authority. |
| Crystal Bay | 0 | The HUD funded Public Housing Agency that serves Crystal Bay is the Reno Housing Authority. |
| Empire | 0 | The HUD funded Public Housing Agency that serves Empire is the Reno Housing Authority. |
| Gerlach | 0 | The HUD funded Public Housing Agency that serves Gerlach is the Reno Housing Authority. |
| Golden Valley | 0 | The HUD funded Public Housing Agency that serves Golden Valley is the Reno Housing Authority. |
| Incline Village | 0 | The HUD funded Public Housing Agency that serves Incline Village is the Reno Housing Authority. |
| Lemmon Valley | 0 | The HUD funded Public Housing Agency that serves Lemmon Valley is the Reno Housing Authority. |
| Mogul | 0 | The HUD funded Public Housing Agency that serves Mogul is the Reno Housing Authority. |
| Nixon | 0 | The HUD funded Public Housing Agency that serves Nixon is the Reno Housing Authority. |
| Spanish Springs | 0 | The HUD funded Public Housing Agency that serves Spanish Springs is the Reno Housing Authority. |
| Sutcliffe | 0 | The HUD funded Public Housing Agency that serves Sutcliffe is the Reno Housing Authority. |
| Verdi | 0 | The HUD funded Public Housing Agency that serves Verdi is the Reno Housing Authority. |
| Wadsworth | 0 | The HUD funded Public Housing Agency that serves Wadsworth is the Reno Housing Authority. |
| Washoe Valley | 0 | The HUD funded Public Housing Agency that serves Washoe Valley is the Reno Housing Authority. |
