About This Property
Standing Rock Homes VI consists of 30 low-income residential units in Wakpala, South Dakota, serving families in Corson County. The property includes a mix of 10 two-bedroom, 10 three-bedroom, and 10 four-bedroom units and has been in service since 2004. This community provides affordable housing options for eligible low-income households.
Property Details
Fair Market Rent - Corson 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 | $613 |
| 1 Bedroom | $689 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,100 |
| 4 Bedroom | $1,290 |
Income Limits - Corson County, SD
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,750
- Very Low (50%)
- $24,550
- Low (80%)
- $39,300
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,050
- Low (80%)
- $44,900
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,550
- Low (80%)
- $50,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,050
- Low (80%)
- $56,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,900
- Low (80%)
- $60,600
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,700
- Low (80%)
- $65,100
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,500
- Low (80%)
- $69,600
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,300
- Low (80%)
- $74,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,750 | $24,550 | $39,300 |
| 2 Persons | $17,420 | $28,050 | $44,900 |
| 3 Persons | $21,960 | $31,550 | $50,500 |
| 4 Persons | $26,500 | $35,050 | $56,100 |
| 5 Persons | $31,040 | $37,900 | $60,600 |
| 6 Persons | $35,580 | $40,700 | $65,100 |
| 7 Persons | $40,120 | $43,500 | $69,600 |
| 8 Persons | $44,660 | $46,300 | $74,100 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Wakpala, SD?+
The Fair Market Rent (FMR) for Corson County, SD is: $613 (Studio), $689 (1BR), $905 (2BR), $1100 (3BR), $1290 (4BR). Actual rent at subsidized properties like Standing Rock Homes Vi is typically 30% of household income or less.
What size apartments are available at Standing Rock Homes Vi?+
Standing Rock Homes Vi offers the following unit types: 10 Two-Bedroom, 10 Three-Bedroom, 10 Four-Bedroom units, for a total of 30 units.
How do I apply for housing at Standing Rock Homes Vi?+
Standing Rock Homes Vi 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 is the price range for apartments in Wakpala, SD?+
Based on Fair Market Rent for Corson County, the estimated price range is: 2-bedroom: $905, 3-bedroom: $1100. Actual rent at Standing Rock Homes Vi may be lower for income-eligible households.
Who is eligible to live at Standing Rock Homes Vi?+
Standing Rock Homes Vi primarily serves families. 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 Corson County, SD?+
For a 4-person household in Corson County, SD, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,050, Low Income (80% AMI): $56,100. These limits are set by HUD and updated annually.
Who manages Standing Rock Homes Vi?+
Standing Rock Homes Vi is managed by . You can reach them at . Visit their website for more information.