About This Property
Osceola-Shelby Housing I comprises 12 low-income rental units in Shelby, Nebraska, with an eight-unit mix of two-bedroom apartments and four three-bedroom apartments. The property has been in service since 2000 and is financed through 9% Low-Income Housing Tax Credits. A non-profit organization owns and operates this Polk County housing development.
Property Details
Fair Market Rent - Polk 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 | $591 |
| 1 Bedroom | $664 |
| 2 Bedroom | $872 |
| 3 Bedroom | $1,054 |
| 4 Bedroom | $1,163 |
Income Limits - Polk County, NE
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,600
- Very Low (50%)
- $27,650
- Low (80%)
- $44,250
- Extremely Low (30%)
- $19,000
- Very Low (50%)
- $31,600
- Low (80%)
- $50,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,550
- Low (80%)
- $56,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,500
- Low (80%)
- $63,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,700
- Low (80%)
- $68,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,850
- Low (80%)
- $73,350
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,000
- Low (80%)
- $78,400
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,150
- Low (80%)
- $83,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,600 | $27,650 | $44,250 |
| 2 Persons | $19,000 | $31,600 | $50,600 |
| 3 Persons | $21,960 | $35,550 | $56,900 |
| 4 Persons | $26,500 | $39,500 | $63,200 |
| 5 Persons | $31,040 | $42,700 | $68,300 |
| 6 Persons | $35,580 | $45,850 | $73,350 |
| 7 Persons | $40,120 | $49,000 | $78,400 |
| 8 Persons | $44,660 | $52,150 | $83,450 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Shelby, NE?+
The Fair Market Rent (FMR) for Polk County, NE is: $591 (Studio), $664 (1BR), $872 (2BR), $1054 (3BR), $1163 (4BR). Actual rent at subsidized properties like Osceola-Shelby Housing I is typically 30% of household income or less.
What size apartments are available at Osceola-Shelby Housing I?+
Osceola-Shelby Housing I offers the following unit types: 8 Two-Bedroom, 4 Three-Bedroom units, for a total of 12 units.
How do I apply for housing at Osceola-Shelby Housing I?+
Osceola-Shelby Housing I is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, 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.
What are the income limits for affordable housing in Polk County, NE?+
For a 4-person household in Polk County, NE, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,500, Low Income (80% AMI): $63,200. These limits are set by HUD and updated annually.
What is the price range for apartments in Shelby, NE?+
Based on Fair Market Rent for Polk County, the estimated price range is: 2-bedroom: $872, 3-bedroom: $1054. Actual rent at Osceola-Shelby Housing I may be lower for income-eligible households.
Who manages Osceola-Shelby Housing I?+
Osceola-Shelby Housing I is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.