About This Property
Towne Square Apts offers 30 one-bedroom units designated as low-income housing in Vermillion, South Dakota. The property was placed in service in 2002 and utilizes 9% Low-Income Housing Tax Credits to support affordability. All 30 units serve low-income residents in Clay County.
Waitlist Information
Waitlist managed by Vermillion Housing and Redevelopment Commission
No current information found regarding a specific public housing waiting list or application process.
Preferences include current residents of Clay County, persons in substandard housing, homeless, involuntarily displaced, and those paying over 50% of income for housing. Local preferences may also be given to domestic violence victims, elderly/disabled, and working families with children (20+ hours/week). Placement is based on date and time the preliminary application is received.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
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.
- Extremely Low (30%)
- $16,800
- Very Low (50%)
- $28,000
- Low (80%)
- $44,800
- Extremely Low (30%)
- $19,200
- Very Low (50%)
- $32,000
- Low (80%)
- $51,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $36,000
- Low (80%)
- $57,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $40,000
- Low (80%)
- $63,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $43,200
- Low (80%)
- $69,100
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $46,400
- Low (80%)
- $74,200
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,600
- Low (80%)
- $79,300
- 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 |
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Tax Credit Program Details
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 Towne Square Apts is typically 30% of household income or less.
What size apartments are available at Towne Square Apts?+
Towne Square Apts offers the following unit types: 30 One-Bedroom units, for a total of 30 units.
How do I apply for housing at Towne Square Apts?+
Towne Square Apts 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 Towne Square Apts?+
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.
What is the price range for apartments in Vermillion, SD?+
Based on Fair Market Rent for Clay County, the estimated price range is: 1-bedroom: $747. Actual rent at Towne Square Apts may be lower for income-eligible households.
Who manages Towne Square Apts?+
Towne Square Apts is managed by . You can reach them at .
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.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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