Villas of the Valley I

740 Villas Circle, Lincoln Heights, Ohio 45215

Contact Villas of the Valley I

Villas of the Valley I is one of 18 properties in the Cincinnati area acquired by POAH from The Model Group in May 2018. This acquisition preserved 1,100 rental apartments at a time when the neighborhood was seeing significant investments in infrastructure, new public transportation options, and an expansion of the district’s art and dining scene. This ensured the units would remain affordable long-term and allow residents of all income levels to participate in the economic renaissance of the neighborhood. POAH Communities will also implement a Community Impact program across the portfolio to help residents succeed, with outcome-driven resident services that foster financial stability, health and education.

Home to 42 low- and moderate-income seniors, Villas of the Valley I is located in Lincoln Heights, Ohio.

Eligibility for Villas of the Valley I

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Lincoln Heights but actual income limits may differ for units at Villas of the Valley I.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
50%	$35,400	$40,450	$45,500	$50,550	$54,600	$58,650	$62,700	$66,750

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 Lincoln Heights but actual income limits may differ for units at Villas of the Valley I.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$35,400	$40,450	$45,500	$50,550	$54,600	$58,650	$62,700	$66,750
Low Income (60%)	$42,480	$48,540	$54,600	$60,660	$65,520	$70,380	$75,240	$80,100

Villas of the Valley I Details

42 bedroom units.
Low-Income Housing Tax Credit (LIHTC)

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.