About This Property
Highland Terrace offers 60 low-income residential units in Ely, Nevada. The property features a mix of one, two, and three-bedroom apartments, with 17 one-bedroom, 14 two-bedroom, and 2 three-bedroom units available. Placed in service in 2014, the community was developed with HOME program funding.
Property Details
Fair Market Rent - White Pine 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 | $871 |
| 1 Bedroom | $976 |
| 2 Bedroom | $1,282 |
| 3 Bedroom | $1,618 |
| 4 Bedroom | $2,144 |
Income Limits - White Pine 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 Ely, NV?+
The Fair Market Rent (FMR) for White Pine County, NV is: $871 (Studio), $976 (1BR), $1282 (2BR), $1618 (3BR), $2144 (4BR). Actual rent at subsidized properties like Highland Terrace is typically 30% of household income or less.
What size apartments are available at Highland Terrace?+
Highland Terrace offers the following unit types: 17 One-Bedroom, 14 Two-Bedroom, 2 Three-Bedroom units, for a total of 60 units.
Who manages Highland Terrace?+
Highland Terrace is managed by . You can reach them at .
How do I apply for housing at Highland Terrace?+
Highland Terrace is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 Ely, NV?+
Based on Fair Market Rent for White Pine County, the estimated price range is: 1-bedroom: $976, 2-bedroom: $1282, 3-bedroom: $1618. Actual rent at Highland Terrace may be lower for income-eligible households.
What are the income limits for affordable housing in White Pine County, NV?+
For a 4-person household in White Pine 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.
Walk Score
Almost All Errands Require a Car