Stone Meadows II

406-408 S Fairway Ave, Nixa, Missouri 65714

Contact Stone Meadows II

Stone Meadows has 20 family units and is located in the great little city of Nixa, Missouri. Nixa is one of the fasted growing areas in the state and for good reason. Besides it's wonderful school system, dozens of great restaurants and fine shopping, Nixa is only six miles south of all the opportunities in Springfield and just half an hour away from all the fun and entertainment in Branson. Easy access to major roads insures that travel to where ever you wish is no problem.

Eligibility for Stone Meadows II

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 Nixa but actual income limits may differ for units at Stone Meadows II.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$26,400	$30,150	$33,900	$37,650	$40,700	$43,700	$46,700	$49,700
Low Income (60%)	$31,680	$36,180	$40,680	$45,180	$48,840	$52,440	$56,040	$59,640

Stone Meadows II Details

76 bedroom units.
Walk Up
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.