About This Property
Prospect Village is a 30-unit affordable housing community in Omaha, Nebraska that was placed in service in 2016. The property features a mix of three-bedroom and four-bedroom units, with 10 three-bedroom and 20 four-bedroom floor plans available. The development utilizes 9% Low-Income Housing Tax Credits to provide affordable rental housing in Douglas County.
Waitlist Information
Waitlist managed by Omaha Housing Authority
The waitlist is closed for approximately 90 days from June 1, 2026, with a public notice to be provided upon reopening; it will then only be open for one-bedroom units in Senior Towers for applicants ages 62 and older.
Applications are processed via a computerized lottery system, with preferences for displaced families, homeless individuals, veterans, elderly, and disabled families.
Waitlist data provided by section8waitlist.org
Updated June 2, 2026
Property Details
Fair Market Rent - Douglas County, NE
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $895 |
| 1 Bedroom | $971 |
| 2 Bedroom | $1,170 |
| 3 Bedroom | $1,562 |
| 4 Bedroom | $1,733 |
Income Limits - Douglas County, NE
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,450
- Very Low (50%)
- $30,750
- Low (80%)
- $49,200
- Extremely Low (30%)
- $21,100
- Very Low (50%)
- $35,150
- Low (80%)
- $56,200
- Extremely Low (30%)
- $23,750
- Very Low (50%)
- $39,550
- Low (80%)
- $63,250
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $43,900
- Low (80%)
- $70,250
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $47,450
- Low (80%)
- $75,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $50,950
- Low (80%)
- $81,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $54,450
- Low (80%)
- $87,150
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $57,950
- Low (80%)
- $92,750
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,450 | $30,750 | $49,200 |
| 2 Persons | $21,100 | $35,150 | $56,200 |
| 3 Persons | $23,750 | $39,550 | $63,250 |
| 4 Persons | $26,500 | $43,900 | $70,250 |
| 5 Persons | $31,040 | $47,450 | $75,900 |
| 6 Persons | $35,580 | $50,950 | $81,500 |
| 7 Persons | $40,120 | $54,450 | $87,150 |
| 8 Persons | $44,660 | $57,950 | $92,750 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Omaha, NE?+
The Fair Market Rent (FMR) for Douglas County, NE is: $895 (Studio), $971 (1BR), $1170 (2BR), $1562 (3BR), $1733 (4BR). Actual rent at subsidized properties like Prospect Village is typically 30% of household income or less.
What size apartments are available at Prospect Village?+
Prospect Village offers the following unit types: 10 Three-Bedroom, 20 Four-Bedroom units.
Who is eligible to live at Prospect Village?+
Prospect Village primarily serves Special Needs. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Douglas County, NE?+
For a 4-person household in Douglas County, NE, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $43,900, Low Income (80% AMI): $70,250. These limits are set by HUD and updated annually.
Who manages Prospect Village?+
Prospect Village is managed by . You can reach them at .
How do I apply for housing at Prospect Village?+
Prospect Village 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.
Is there a waitlist for Prospect Village?+
Public Housing waitlist is currently Opening Soon and is expected to open for applications soon. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What is the price range for apartments in Omaha, NE?+
Based on Fair Market Rent for Douglas County, the estimated price range is: 3-bedroom: $1562. Actual rent at Prospect Village may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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