About This Property
Towne Square Apts offers 20 low-income units in Armour, South Dakota. The property was placed in service in 1989 and is situated in Douglas County.
Property Details
Fair Market Rent - Douglas 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 | $677 |
| 1 Bedroom | $760 |
| 2 Bedroom | $999 |
| 3 Bedroom | $1,323 |
| 4 Bedroom | $1,605 |
Income Limits - Douglas County, SD
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,700
- Very Low (50%)
- $26,150
- Low (80%)
- $41,800
- Extremely Low (30%)
- $17,950
- Very Low (50%)
- $29,850
- Low (80%)
- $47,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,600
- Low (80%)
- $53,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,300
- Low (80%)
- $59,700
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,300
- Low (80%)
- $64,500
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,300
- Low (80%)
- $69,300
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,300
- Low (80%)
- $74,050
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,250
- Low (80%)
- $78,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,700 | $26,150 | $41,800 |
| 2 Persons | $17,950 | $29,850 | $47,800 |
| 3 Persons | $21,960 | $33,600 | $53,750 |
| 4 Persons | $26,500 | $37,300 | $59,700 |
| 5 Persons | $31,040 | $40,300 | $64,500 |
| 6 Persons | $35,580 | $43,300 | $69,300 |
| 7 Persons | $40,120 | $46,300 | $74,050 |
| 8 Persons | $44,660 | $49,250 | $78,850 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Armour, SD?+
The Fair Market Rent (FMR) for Douglas County, SD is: $677 (Studio), $760 (1BR), $999 (2BR), $1323 (3BR), $1605 (4BR). Actual rent at subsidized properties like Towne Square Apts is typically 30% of household income or less.
What are the income limits for affordable housing in Douglas County, SD?+
For a 4-person household in Douglas County, SD, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,300, Low Income (80% AMI): $59,700. These limits are set by HUD and updated annually.
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 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 Towne Square Apts?+
Towne Square Apts is managed by . You can reach them at . Visit their website for more information.