About This Property
Sierra Run II is a 24-unit affordable housing community in Fernley, Nevada that has served elderly residents since 2011. The property contains 24 one-bedroom apartments designated as low-income units. The community is managed to provide housing options for seniors in Lyon County.
Property Details
Fair Market Rent - Lyon County, NV
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,006 |
| 1 Bedroom | $1,052 |
| 2 Bedroom | $1,225 |
| 3 Bedroom | $1,726 |
| 4 Bedroom | $2,079 |
Income Limits - Lyon County, NV
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,550
- Very Low (50%)
- $27,550
- Low (80%)
- $44,100
- Extremely Low (30%)
- $18,900
- Very Low (50%)
- $31,500
- Low (80%)
- $50,400
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,450
- Low (80%)
- $56,700
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,350
- Low (80%)
- $62,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,500
- Low (80%)
- $68,000
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,650
- Low (80%)
- $73,050
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $48,800
- Low (80%)
- $78,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $51,950
- Low (80%)
- $83,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,550 | $27,550 | $44,100 |
| 2 Persons | $18,900 | $31,500 | $50,400 |
| 3 Persons | $21,960 | $35,450 | $56,700 |
| 4 Persons | $26,500 | $39,350 | $62,950 |
| 5 Persons | $31,040 | $42,500 | $68,000 |
| 6 Persons | $35,580 | $45,650 | $73,050 |
| 7 Persons | $40,120 | $48,800 | $78,100 |
| 8 Persons | $44,660 | $51,950 | $83,100 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Fernley, NV?+
The Fair Market Rent (FMR) for Lyon County, NV is: $1006 (Studio), $1052 (1BR), $1225 (2BR), $1726 (3BR), $2079 (4BR). Actual rent at subsidized properties like Sierra Run Ii is typically 30% of household income or less.
What size apartments are available at Sierra Run Ii?+
Sierra Run Ii offers the following unit types: 24 One-Bedroom units, for a total of 24 units.
What are the income limits for affordable housing in Lyon County, NV?+
For a 4-person household in Lyon County, NV, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,350, Low Income (80% AMI): $62,950. These limits are set by HUD and updated annually.
Who is eligible to live at Sierra Run Ii?+
Sierra Run Ii primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Fernley, NV?+
Based on Fair Market Rent for Lyon County, the estimated price range is: 1-bedroom: $1052. Actual rent at Sierra Run Ii may be lower for income-eligible households.
How do I apply for housing at Sierra Run Ii?+
Sierra Run Ii 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 Sierra Run Ii?+
Sierra Run Ii 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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