Valley View Apartments
103 Silver Dollar Way, Chico, California 95928
Valley View Apartments is an affordable permanent supportive housing community for low income Mental Health Services Act eligible adults living with mental illness who are homeless or at risk of homelessness. This includes 1-bedroom and 2-bedroom units that are permanent supportive housing through the Mental Health Service Act (MHSA) program. Each unit includes appliances, central air, storage & coat closets, and a private patio/balcony. Community amenities include a community room, computer room, laundry facilities, picnic area, and supportive services provided by NVCSS.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price |
| Two Bedroom (2/1) | - | Call for Price |
Eligibility for Valley View Apartments
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Chico but actual income limits may differ for units at Valley View Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
|---|---|---|---|---|
| Very Low Income (50%) | $28,900 | $33,000 | $37,150 | $41,250 |
Valley View Apartments Details
- 14 one and two bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
- HOME Investment Partnerships Program
Property Amenities
- Community Room
- On-Site Manager
- Gated Community
- Bicycle Storage
- On-Site Social Services
- Community Garden
- Laundry Facilities
- Computer Room
- Picnic Area
Unit Amenities
- Ceiling Fan(s)
- Central Air
- Dishwasher
- Garbage Disposal
- Microwave
- Window Coverings
- Carpet
- Refrigerator
- Oven and Range
- Balconies or Patios Available
- Stove
- Coat Closets
Low-Income Housing Tax Credit (LIHTC)
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
HOME Investment Partnerships Program
This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.
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