About This Property
Island Terrace is a public housing development in Grand Island, Nebraska consisting of 3 units, all of which are accessible. The property is situated in Hall County and provides affordable housing options for eligible residents.
Waitlist Information
Waitlist managed by Hall County Housing Authority
The waiting list for Public Housing, including Centennial Towers (1 and 2-bedroom apartments), has an approximate wait time of one to two months and uses a preference system. Eligibility requires income qualification, citizenship status, suitability standards, and criminal/gang/drug-related background checks; residents must also perform eight hours of community service monthly unless exempt.
The approximate waiting list time for a Housing Choice Voucher is 3 months (subject to change without notice). Applications are based on a preference system. Applicants who do not meet one or more preferences may be subjected to much longer or even indefinite waits. Applicants must meet income qualification standards (50 percent of the Area Median Income), citizenship status, criminal, gang and drug-related background checks and must not be indebted to another federally assisted housing agency.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Hall 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 | $673 |
| 1 Bedroom | $792 |
| 2 Bedroom | $986 |
| 3 Bedroom | $1,262 |
| 4 Bedroom | $1,455 |
Income Limits - Hall County, NE
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,800
- Very Low (50%)
- $24,650
- Low (80%)
- $39,400
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,150
- Low (80%)
- $45,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,650
- Low (80%)
- $50,650
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,150
- Low (80%)
- $56,250
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,000
- Low (80%)
- $60,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,800
- Low (80%)
- $65,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,600
- Low (80%)
- $69,750
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,400
- Low (80%)
- $74,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,800 | $24,650 | $39,400 |
| 2 Persons | $17,420 | $28,150 | $45,000 |
| 3 Persons | $21,960 | $31,650 | $50,650 |
| 4 Persons | $26,500 | $35,150 | $56,250 |
| 5 Persons | $31,040 | $38,000 | $60,750 |
| 6 Persons | $35,580 | $40,800 | $65,250 |
| 7 Persons | $40,120 | $43,600 | $69,750 |
| 8 Persons | $44,660 | $46,400 | $74,250 |
Frequently Asked Questions
What is the average rent for affordable housing in Grand Island, NE?+
The Fair Market Rent (FMR) for Hall County, NE is: $673 (Studio), $792 (1BR), $986 (2BR), $1262 (3BR), $1455 (4BR). Actual rent at subsidized properties like Island Terrace is typically 30% of household income or less.
How many units does Island Terrace have?+
Island Terrace has a total of 3 housing units.
How do I apply for housing at Island Terrace?+
Island Terrace is a Public Housing property. To apply, you can start by calling 3083855530, or visiting their website, or contacting the property management office. You may need to submit an application and be placed on a waitlist. Eligibility is typically based on income, family size, and other factors.
What is the HUD inspection score for Island Terrace?+
Island Terrace has a HUD inspection score of 100 out of 100, which is considered excellent. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
What are the income limits for affordable housing in Hall County, NE?+
For a 4-person household in Hall County, NE, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,150, Low Income (80% AMI): $56,250. These limits are set by HUD and updated annually.
Is there a waitlist for Island Terrace?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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