About This Property
Gatewood Apts II contains 32 low-income residential units in North Sioux City, South Dakota. The property includes 24 two-bedroom and 8 three-bedroom units and has been in service since 1997. The community is financed through 9% Low-Income Housing Tax Credits.
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 Ii is typically 30% of household income or less.
What size apartments are available at Gatewood Apts Ii?+
Gatewood Apts Ii offers the following unit types: 24 Two-Bedroom, 8 Three-Bedroom units, for a total of 32 units.
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 Ii?+
Gatewood Apts Ii is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Gatewood Apts Ii?+
Gatewood Apts Ii 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 Ii may be lower for income-eligible households.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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