About This Property
Gatewood Apts contains 24 low-income units in North Sioux City, SD, with a unit mix of sixteen 2-bedroom and eight 3-bedroom apartments. The property was placed in service in 1996 and utilizes 9% LIHTC credits. This Union County development is managed to provide affordable housing options for qualifying residents.
Property Details
Fair Market Rent - Union 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 | $685 |
| 1 Bedroom | $780 |
| 2 Bedroom | $1,010 |
| 3 Bedroom | $1,228 |
| 4 Bedroom | $1,345 |
Income Limits - Union County, SD
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,400
- Very Low (50%)
- $25,700
- Low (80%)
- $41,100
- Extremely Low (30%)
- $17,600
- Very Low (50%)
- $29,350
- Low (80%)
- $46,950
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,000
- Low (80%)
- $52,800
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,650
- Low (80%)
- $58,650
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,600
- Low (80%)
- $63,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,550
- Low (80%)
- $68,050
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,450
- Low (80%)
- $72,750
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,400
- Low (80%)
- $77,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,400 | $25,700 | $41,100 |
| 2 Persons | $17,600 | $29,350 | $46,950 |
| 3 Persons | $21,960 | $33,000 | $52,800 |
| 4 Persons | $26,500 | $36,650 | $58,650 |
| 5 Persons | $31,040 | $39,600 | $63,350 |
| 6 Persons | $35,580 | $42,550 | $68,050 |
| 7 Persons | $40,120 | $45,450 | $72,750 |
| 8 Persons | $44,660 | $48,400 | $77,450 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in North Sioux City, SD?+
The Fair Market Rent (FMR) for Union County, SD is: $685 (Studio), $780 (1BR), $1010 (2BR), $1228 (3BR), $1345 (4BR). Actual rent at subsidized properties like Gatewood Apts is typically 30% of household income or less.
What size apartments are available at Gatewood Apts?+
Gatewood Apts offers the following unit types: 16 Two-Bedroom, 8 Three-Bedroom units, for a total of 24 units.
What is the price range for apartments in North Sioux City, SD?+
Based on Fair Market Rent for Union County, the estimated price range is: 2-bedroom: $1010, 3-bedroom: $1228. Actual rent at Gatewood Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Union County, SD?+
For a 4-person household in Union County, SD, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,650, Low Income (80% AMI): $58,650. These limits are set by HUD and updated annually.
Who manages Gatewood Apts?+
Gatewood Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Gatewood Apts?+
Gatewood 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.