About This Property
Park Village Residences is a 48-unit affordable housing community in Parkville, Missouri that opened in 2016 and serves elderly residents. The property consists entirely of one-bedroom apartments and participates in the 9% Low-Income Housing Tax Credit program.
Property Details
Fair Market Rent - Platte County, MO
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $985 |
| 1 Bedroom | $1,098 |
| 2 Bedroom | $1,258 |
| 3 Bedroom | $1,645 |
| 4 Bedroom | $1,931 |
Income Limits - Platte County, MO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,200
- Very Low (50%)
- $30,350
- Low (80%)
- $48,550
- Extremely Low (30%)
- $20,800
- Very Low (50%)
- $34,650
- Low (80%)
- $55,450
- Extremely Low (30%)
- $23,400
- Very Low (50%)
- $39,000
- Low (80%)
- $62,400
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $43,300
- Low (80%)
- $69,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $46,800
- Low (80%)
- $74,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $50,250
- Low (80%)
- $80,400
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $53,700
- Low (80%)
- $85,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $57,200
- Low (80%)
- $91,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,200 | $30,350 | $48,550 |
| 2 Persons | $20,800 | $34,650 | $55,450 |
| 3 Persons | $23,400 | $39,000 | $62,400 |
| 4 Persons | $26,500 | $43,300 | $69,300 |
| 5 Persons | $31,040 | $46,800 | $74,850 |
| 6 Persons | $35,580 | $50,250 | $80,400 |
| 7 Persons | $40,120 | $53,700 | $85,950 |
| 8 Persons | $44,660 | $57,200 | $91,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Parkville, MO?+
The Fair Market Rent (FMR) for Platte County, MO is: $985 (Studio), $1098 (1BR), $1258 (2BR), $1645 (3BR), $1931 (4BR). Actual rent at subsidized properties like Park Village Residences is typically 30% of household income or less.
What size apartments are available at Park Village Residences?+
Park Village Residences offers the following unit types: 48 One-Bedroom units.
Who is eligible to live at Park Village Residences?+
Park Village Residences primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Platte County, MO?+
For a 4-person household in Platte County, MO, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $43,300, Low Income (80% AMI): $69,300. These limits are set by HUD and updated annually.
Who manages Park Village Residences?+
Park Village Residences is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Park Village Residences?+
Park Village Residences 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 Parkville, MO?+
Based on Fair Market Rent for Platte County, the estimated price range is: 1-bedroom: $1098. Actual rent at Park Village Residences may be lower for income-eligible households.
Contact Information
Walk Score
Somewhat Walkable
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