About This Property
Towne Square Apts is a 20-unit affordable housing community in Armour, South Dakota that has served low-income residents since 1989. The property contains 20 low-income units 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.
Who manages Towne Square Apts?+
Towne Square Apts is managed by . You can reach them at . Visit their website for more information.
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.