About This Property
Lincoln Way offers 45 low-income units in Sparks, Nevada, serving elderly residents. The property has been in service since 2016 and includes one 1-bedroom unit and one 2-bedroom unit within its portfolio.
Property Details
Fair Market Rent - Washoe 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 | $1,072 |
| 1 Bedroom | $1,257 |
| 2 Bedroom | $1,582 |
| 3 Bedroom | $2,229 |
| 4 Bedroom | $2,669 |
Income Limits - Washoe County, NV
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,550
- Very Low (50%)
- $29,250
- Low (80%)
- $46,800
- Extremely Low (30%)
- $20,050
- Very Low (50%)
- $33,400
- Low (80%)
- $53,450
- Extremely Low (30%)
- $22,550
- Very Low (50%)
- $37,600
- Low (80%)
- $60,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $41,750
- Low (80%)
- $66,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $45,100
- Low (80%)
- $72,150
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $48,450
- Low (80%)
- $77,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $51,800
- Low (80%)
- $82,850
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $55,150
- Low (80%)
- $88,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,550 | $29,250 | $46,800 |
| 2 Persons | $20,050 | $33,400 | $53,450 |
| 3 Persons | $22,550 | $37,600 | $60,150 |
| 4 Persons | $26,500 | $41,750 | $66,800 |
| 5 Persons | $31,040 | $45,100 | $72,150 |
| 6 Persons | $35,580 | $48,450 | $77,500 |
| 7 Persons | $40,120 | $51,800 | $82,850 |
| 8 Persons | $44,660 | $55,150 | $88,200 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Sparks, NV?+
The Fair Market Rent (FMR) for Washoe County, NV is: $1072 (Studio), $1257 (1BR), $1582 (2BR), $2229 (3BR), $2669 (4BR). Actual rent at subsidized properties like Lincoln Way is typically 30% of household income or less.
What size apartments are available at Lincoln Way?+
Lincoln Way offers the following unit types: 1 One-Bedroom, 1 Two-Bedroom units, for a total of 45 units.
Who manages Lincoln Way?+
Lincoln Way is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Washoe County, NV?+
For a 4-person household in Washoe County, NV, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $41,750, Low Income (80% AMI): $66,800. These limits are set by HUD and updated annually.
What is the price range for apartments in Sparks, NV?+
Based on Fair Market Rent for Washoe County, the estimated price range is: 1-bedroom: $1257, 2-bedroom: $1582. Actual rent at Lincoln Way may be lower for income-eligible households.
How do I apply for housing at Lincoln Way?+
Lincoln Way 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 is eligible to live at Lincoln Way?+
Lincoln Way primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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