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 |
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.
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.
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.