About This Property
Covey Run Apts offers 42 low-income units in Sheridan, Wyoming, serving elderly residents. The property includes 25 one-bedroom and 17 two-bedroom apartments and has been in service since 2012. The community participates in the 9% Low-Income Housing Tax Credit program.
Property Details
Fair Market Rent - Sheridan County, WY
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $875 |
| 1 Bedroom | $876 |
| 2 Bedroom | $1,145 |
| 3 Bedroom | $1,384 |
| 4 Bedroom | $1,802 |
Income Limits - Sheridan County, WY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,050
- Very Low (50%)
- $28,400
- Low (80%)
- $45,450
- Extremely Low (30%)
- $19,500
- Very Low (50%)
- $32,450
- Low (80%)
- $51,950
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $36,500
- Low (80%)
- $58,450
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $40,550
- Low (80%)
- $64,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $43,800
- Low (80%)
- $70,100
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $47,050
- Low (80%)
- $75,300
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $50,300
- Low (80%)
- $80,500
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $53,550
- Low (80%)
- $85,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,050 | $28,400 | $45,450 |
| 2 Persons | $19,500 | $32,450 | $51,950 |
| 3 Persons | $21,960 | $36,500 | $58,450 |
| 4 Persons | $26,500 | $40,550 | $64,900 |
| 5 Persons | $31,040 | $43,800 | $70,100 |
| 6 Persons | $35,580 | $47,050 | $75,300 |
| 7 Persons | $40,120 | $50,300 | $80,500 |
| 8 Persons | $44,660 | $53,550 | $85,700 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Sheridan, WY?+
The Fair Market Rent (FMR) for Sheridan County, WY is: $875 (Studio), $876 (1BR), $1145 (2BR), $1384 (3BR), $1802 (4BR). Actual rent at subsidized properties like Covey Run Apts is typically 30% of household income or less.
What size apartments are available at Covey Run Apts?+
Covey Run Apts offers the following unit types: 25 One-Bedroom, 17 Two-Bedroom units, for a total of 42 units.
How do I apply for housing at Covey Run Apts?+
Covey Run 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.
What is the price range for apartments in Sheridan, WY?+
Based on Fair Market Rent for Sheridan County, the estimated price range is: 1-bedroom: $876, 2-bedroom: $1145. Actual rent at Covey Run Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Sheridan County, WY?+
For a 4-person household in Sheridan County, WY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $40,550, Low Income (80% AMI): $64,900. These limits are set by HUD and updated annually.
Who manages Covey Run Apts?+
Covey Run Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Covey Run Apts?+
Covey Run Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Covey Run Apts
Stadium Place Apts
Sheridan, WY
48 UnitsTownhouse Apts
Sheridan, WY
23 UnitsAvoca Apts
Sheridan, WY
74 UnitsCreekside Court
Sheridan, WY
50 UnitsStone Pile
Sheridan, WY
20 UnitsHomestead Apts
Sheridan, WY
16 Units