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Homestead Villa I Apartments

41 E. Washington Street, Norwalk, Ohio 44857

Homestead Villa I Apartments, an affordable housing community consisting of one and two bedroom apartments for those 62 years of age or older, disabled regardless of age. Complex amenities include an onsite manager and maintenance technician, parking, gazebo, energy star refrigerators and a community building with office, laundry and community room. Accessible apartments available. Water, sewer and trash paid.

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - From $400
Two Bedroom (2/1) - From $440

Homestead Villa I Apartments Details

  • 64 one and two bedroom units.
  • Section 521 USDA Rental Assistance

Property Amenities

  • Community Room
  • 24hr Emergency Maintenance
  • Off-Street Parking
  • On-Site Parking
  • Snow Removal
  • Lawn Care
  • Pest Control
  • Laundry Facilities

Unit Amenities

  • Carpet
  • Patio, Deck Or Balcony

Nearby Amenities

  • Close to Downtown District
  • Near Park

Office Hours

Day Hours
Monday 8:00am-4:00pm
Tuesday 8:00am-4:00pm
Wednesday 8:00am-4:00pm
Thursday 8:00am-4:00pm
Friday 8:00am-4:00pm

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.

Norwalk 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 Norwalk but actual income limits may differ for units at Homestead Villa I Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $13,700 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $43,000
50% $22,800 $26,050 $29,300 $32,550 $35,200 $37,800 $40,400 $43,000
80% $36,500 $41,700 $46,900 $52,100 $56,300 $60,450 $64,650 $68,800

Norwalk 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 Norwalk but actual income limits may differ for units at Homestead Villa I Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $22,800 $26,050 $29,300 $32,550 $35,200 $37,800 $40,400 $43,000
Low Income (60%) $27,360 $31,260 $35,160 $39,060 $42,240 $45,360 $48,480 $51,600

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

Homestead Villa I Apartments 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 Homestead Villa I Apartments 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.

Homestead Villa I Apartments is managed by Premier Management LLC.

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