About This Property
Nevada Meadows contains 34 one-bedroom units in Grass Valley and serves elderly residents through low-income housing. The property includes 33 low-income units and was placed in service in 1994. It utilizes 9% Low-Income Housing Tax Credits for financing and operation.
Property Details
Fair Market Rent - Nevada County, CA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,209 |
| 1 Bedroom | $1,217 |
| 2 Bedroom | $1,596 |
| 3 Bedroom | $2,249 |
| 4 Bedroom | $2,708 |
Income Limits - Nevada County, CA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,900
- Very Low (50%)
- $31,450
- Low (80%)
- $50,300
- Extremely Low (30%)
- $21,600
- Very Low (50%)
- $35,950
- Low (80%)
- $57,500
- Extremely Low (30%)
- $24,300
- Very Low (50%)
- $40,450
- Low (80%)
- $64,700
- Extremely Low (30%)
- $26,950
- Very Low (50%)
- $44,900
- Low (80%)
- $71,850
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $48,500
- Low (80%)
- $77,600
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $52,100
- Low (80%)
- $83,350
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $55,700
- Low (80%)
- $89,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $59,300
- Low (80%)
- $94,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,900 | $31,450 | $50,300 |
| 2 Persons | $21,600 | $35,950 | $57,500 |
| 3 Persons | $24,300 | $40,450 | $64,700 |
| 4 Persons | $26,950 | $44,900 | $71,850 |
| 5 Persons | $31,040 | $48,500 | $77,600 |
| 6 Persons | $35,580 | $52,100 | $83,350 |
| 7 Persons | $40,120 | $55,700 | $89,100 |
| 8 Persons | $44,660 | $59,300 | $94,850 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Grass Valley, CA?+
The Fair Market Rent (FMR) for Nevada County, CA is: $1209 (Studio), $1217 (1BR), $1596 (2BR), $2249 (3BR), $2708 (4BR). Actual rent at subsidized properties like Nevada Meadows is typically 30% of household income or less.
What size apartments are available at Nevada Meadows?+
Nevada Meadows offers the following unit types: 34 One-Bedroom units, for a total of 34 units.
How do I apply for housing at Nevada Meadows?+
Nevada Meadows 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.
What is the price range for apartments in Grass Valley, CA?+
Based on Fair Market Rent for Nevada County, the estimated price range is: 1-bedroom: $1217. Actual rent at Nevada Meadows may be lower for income-eligible households.
What are the income limits for affordable housing in Nevada County, CA?+
For a 4-person household in Nevada County, CA, the income limits are: Extremely Low Income (30% AMI): $26,950, Very Low Income (50% AMI): $44,900, Low Income (80% AMI): $71,850. These limits are set by HUD and updated annually.
Who is eligible to live at Nevada Meadows?+
Nevada Meadows primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Nevada Meadows?+
Nevada Meadows is managed by . You can reach them at . Visit their website for more information.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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