Low Income (LIHTC)Waitlist Open

Town Square Ii

507 W Main St, Vermillion, SD, 57069

Information verified April 18, 2026·We re-check waiting list status daily

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About This Property

Town Square II is an affordable housing community in Vermillion, SD with 30 units. The property is managed and provides housing options in Clay County. Interested parties can contact the management office for additional information about availability and lease terms.

Waitlist Information

Waitlist managed by Vermillion Housing and Redevelopment Commission

Public Housing Waitlist

Closed

No specific waiting list information found for Public Housing programs.

Last verified February 19, 2026

Section 8 (HCV) Waitlist

Open

Opened January 6, 2026

Apply: Multiple

Placement on the waiting list is first-come, first-served by date and time of preliminary application receipt. Preferences are given to current residents of Clay County, persons residing in substandard housing, homeless, involuntarily displaced, those paying over 50% income for housing, victims of domestic violence, individuals who live, work, or attend school locally, veterans, those in job training or higher education, disabled, and elderly.

Last verified February 6, 2026

Waitlist data provided by section8waitlist.org

Updated April 18, 2026

Property Details

Total Units

Fair Market Rent - Clay County, SD

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

Bedrooms	FMR
Studio/Efficiency	$666
1 Bedroom	$747
2 Bedroom	$982
3 Bedroom	$1,384
4 Bedroom	$1,666

Income Limits - Clay County, SD

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $16,800
Very Low (50%): $28,000
Low (80%): $44,800

2 Persons

Extremely Low (30%): $19,200
Very Low (50%): $32,000
Low (80%): $51,200

3 Persons

Extremely Low (30%): $21,960
Very Low (50%): $36,000
Low (80%): $57,600

4 Persons

Extremely Low (30%): $26,500
Very Low (50%): $40,000
Low (80%): $63,950

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $43,200
Low (80%): $69,100

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $46,400
Low (80%): $74,200

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $49,600
Low (80%): $79,300

8 Persons

Extremely Low (30%): $44,660
Very Low (50%): $52,800
Low (80%): $84,450

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$16,800	$28,000	$44,800
2 Persons	$19,200	$32,000	$51,200
3 Persons	$21,960	$36,000	$57,600
4 Persons	$26,500	$40,000	$63,950
5 Persons	$31,040	$43,200	$69,100
6 Persons	$35,580	$46,400	$74,200
7 Persons	$40,120	$49,600	$79,300
8 Persons	$44,660	$52,800	$84,450

Tax Credit Program Details

Year Placed in Service

8888

Low-Income Units

0 / 30

Frequently Asked Questions

What is the average rent for affordable housing in Vermillion, SD?+

The Fair Market Rent (FMR) for Clay County, SD is: $666 (Studio), $747 (1BR), $982 (2BR), $1384 (3BR), $1666 (4BR). Actual rent at subsidized properties like Town Square Ii is typically 30% of household income or less.

What are the income limits for affordable housing in Clay County, SD?+

For a 4-person household in Clay County, SD, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $40,000, Low Income (80% AMI): $63,950. These limits are set by HUD and updated annually.

Is there a waitlist for Town Square Ii?+

Public Housing waitlist is currently Closed. 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.

How do I apply for housing at Town Square Ii?+

Town Square Ii 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.

Who manages Town Square Ii?+

Town Square Ii is managed by . You can reach them at . Visit their website for more information.

Begin Application Now