About This Property
Valentine Apts comprises 18 low-income units in Valentine, Nebraska, with a mix of 10 two-bedroom and 8 three-bedroom units. The property has been in service since 1999 and operates under 9% Low-Income Housing Tax Credit financing. Management and contact information are available upon request.
Property Details
Fair Market Rent - Cherry County, NE
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $591 |
| 1 Bedroom | $727 |
| 2 Bedroom | $872 |
| 3 Bedroom | $1,078 |
| 4 Bedroom | $1,163 |
Income Limits - Cherry County, NE
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,800
- Very Low (50%)
- $24,650
- Low (80%)
- $39,400
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,150
- Low (80%)
- $45,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,650
- Low (80%)
- $50,650
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,150
- Low (80%)
- $56,250
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,000
- Low (80%)
- $60,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,800
- Low (80%)
- $65,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,600
- Low (80%)
- $69,750
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,400
- Low (80%)
- $74,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,800 | $24,650 | $39,400 |
| 2 Persons | $17,420 | $28,150 | $45,000 |
| 3 Persons | $21,960 | $31,650 | $50,650 |
| 4 Persons | $26,500 | $35,150 | $56,250 |
| 5 Persons | $31,040 | $38,000 | $60,750 |
| 6 Persons | $35,580 | $40,800 | $65,250 |
| 7 Persons | $40,120 | $43,600 | $69,750 |
| 8 Persons | $44,660 | $46,400 | $74,250 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Valentine, NE?+
The Fair Market Rent (FMR) for Cherry County, NE is: $591 (Studio), $727 (1BR), $872 (2BR), $1078 (3BR), $1163 (4BR). Actual rent at subsidized properties like Valentine Apts is typically 30% of household income or less.
What size apartments are available at Valentine Apts?+
Valentine Apts offers the following unit types: 10 Two-Bedroom, 8 Three-Bedroom units, for a total of 18 units.
What are the income limits for affordable housing in Cherry County, NE?+
For a 4-person household in Cherry County, NE, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,150, Low Income (80% AMI): $56,250. These limits are set by HUD and updated annually.
What is the price range for apartments in Valentine, NE?+
Based on Fair Market Rent for Cherry County, the estimated price range is: 2-bedroom: $872, 3-bedroom: $1078. Actual rent at Valentine Apts may be lower for income-eligible households.
How do I apply for housing at Valentine Apts?+
Valentine Apts 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 Valentine Apts?+
Valentine Apts is managed by . You can reach them at . Visit their website for more information.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.