Villas of Geneva

961 E Main St, Geneva, Ohio 44041

Villas of Geneva, located at 961 E Main St in Geneva, has one and two bedroom apartments. Villas of Geneva participates in the Section 521 USDA Rental Assistance program.

Contact Villas of Geneva

Message Villas of Geneva

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 615 From $520 To $672
2 Bedroom (2/1) 815 From $570 To $772

Villas of Geneva Details

  • 40 one and two bedroom units.
  • Water and Sewer utilities included in rent
  • Project-Based Rental Assistance
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Playground
  • On-Site Manager
  • On-Site Parking
  • Laundry Facilities
  • Smoke Free
  • Pet Friendly
  • Picnic Area
  • Wheel Chair Accessible

Unit Amenities

  • Water Trash and Sewer Included
  • Fully Equipped Kitchen
  • Wall-to-Wall Carpeting

Nearby Amenities

  • Close to Downtown District
  • Near Library
  • Near Grocery
  • Near Pharmacy
  • Near Post Office
  • Near Restaurants

About Villas of Geneva

Our attractive planning, relaxing environment and solid construction are your assurance of lasting quality at Villas of Geneva, each apartment offers great amenities, as well as the convenience of location.  Our spacious one and two bedroom apartments, family community & caring on-site staff will have you calling Villas of Geneva your next home. 

Nearby amenities include:
Near by Geneva on the lake
Downtown Area in walking distance 
Best of Geneva City schools 
Public library 
3 major pharmacies
1 major grocery store 
Post Office
3 Gas stations
10 top best restaurants in walking distance 
Community Center in walking distance 

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Geneva HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Geneva but actual income limits may differ for units at Villas of Geneva.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $13,750 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,200
50% $22,900 $26,200 $29,450 $32,700 $35,350 $37,950 $40,550 $43,200
80% $36,650 $41,850 $47,100 $52,300 $56,500 $60,700 $64,900 $69,050

Geneva 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 Geneva but actual income limits may differ for units at Villas of Geneva.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $22,900 $26,200 $29,450 $32,700 $35,350 $37,950 $40,550 $43,200
Low Income (60%) $27,480 $31,440 $35,340 $39,240 $42,420 $45,540 $48,660 $51,840

These general income qualifications for Geneva, Ohio should only be used as a basic guide. To find out if you qualify, contact the community directly.

Villas of Geneva was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD-Assisted Housing. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since Villas of Geneva has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

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.

Villas of Geneva is managed by TM Associates Management, Inc.

Image of Villas of Geneva
Image of Villas of Geneva
Image of Villas of Geneva