Welcome to Larios Arms Apartments – where the comfort of home meets affordable living. Larios Arms proudly serves seniors 55 years and over, and has a veterans preference for individuals in need of rental assistance. Applicants with and without housing choice vouchers, or veterans affairs supportive housing vouchers are encouraged to inquire. Financing is managed by Nevada Rural Housing Authority (NRHA) and provided by the USDA 515 and the use of Low Income Housing Tax Credits (LIHTC).
Larios Arms Apartments comes with all the comforts and conveniences you’d expect a home to have. Start your day taking in the sights on your private patio or end it with a book in the library. Work from home or connect with family and friends in the community’s shared business room complete with computers and wifi. Plus, a playground, a laundry facility and a community room ideal for getting to know your neighbors are all steps away from your unit. In order to ensure your comfort and safety, there is onsite management and security cameras throughout. The individual apartments have the option for one- and two-bedroom apartment floor-plans equipped with air conditioning, washer/dryer hookups, and private patios.
|1x1 (1/1)||700||Call for Price|
|2x2 (2/2)||1015||Call for Price|
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.
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.
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 Winnemucca but actual income limits may differ for units at Larios Arms Senior Apartments.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$32,400||$37,000||$41,650||$46,250||$49,950||$53,650||$57,350||$61,050|
|Low Income (60%)||$38,880||$44,400||$49,980||$55,500||$59,940||$64,380||$68,820||$73,260|
Larios Arms Senior Apartments is managed by Blue Bird Property LLC.