About This Property
Spring Valley Terrace comprises 23 one-bedroom units in Mayer, Arizona, with 20 units designated for low-income households. The property has been in service since 1998 and is financed through 9% Low-Income Housing Tax Credits. A nonprofit organization owns and manages the community.
Property Details
Fair Market Rent - Yavapai County, AZ
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $951 |
| 1 Bedroom | $1,140 |
| 2 Bedroom | $1,403 |
| 3 Bedroom | $1,943 |
| 4 Bedroom | $2,273 |
Income Limits - Yavapai County, AZ
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,450
- Very Low (50%)
- $22,350
- Low (80%)
- $35,750
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,550
- Low (80%)
- $40,850
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $28,750
- Low (80%)
- $45,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $31,900
- Low (80%)
- $51,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $34,500
- Low (80%)
- $55,150
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $37,050
- Low (80%)
- $59,250
- Extremely Low (30%)
- $39,600
- Very Low (50%)
- $39,600
- Low (80%)
- $63,350
- Extremely Low (30%)
- $42,150
- Very Low (50%)
- $42,150
- Low (80%)
- $67,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,450 | $22,350 | $35,750 |
| 2 Persons | $17,420 | $25,550 | $40,850 |
| 3 Persons | $21,960 | $28,750 | $45,950 |
| 4 Persons | $26,500 | $31,900 | $51,050 |
| 5 Persons | $31,040 | $34,500 | $55,150 |
| 6 Persons | $35,580 | $37,050 | $59,250 |
| 7 Persons | $39,600 | $39,600 | $63,350 |
| 8 Persons | $42,150 | $42,150 | $67,400 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mayer, AZ?+
The Fair Market Rent (FMR) for Yavapai County, AZ is: $951 (Studio), $1140 (1BR), $1403 (2BR), $1943 (3BR), $2273 (4BR). Actual rent at subsidized properties like Spring Valley Terrace is typically 30% of household income or less.
What size apartments are available at Spring Valley Terrace?+
Spring Valley Terrace offers the following unit types: 23 One-Bedroom units, for a total of 23 units.
What is the price range for apartments in Mayer, AZ?+
Based on Fair Market Rent for Yavapai County, the estimated price range is: 1-bedroom: $1140. Actual rent at Spring Valley Terrace may be lower for income-eligible households.
How do I apply for housing at Spring Valley Terrace?+
Spring Valley Terrace is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who manages Spring Valley Terrace?+
Spring Valley Terrace is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Yavapai County, AZ?+
For a 4-person household in Yavapai County, AZ, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $31,900, Low Income (80% AMI): $51,050. These limits are set by HUD and updated annually.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.