Martin Towers on the Mall

410 Pierce St, Sioux City, IA 51101

Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units

check_circleVerified for 2019 by Colleen Carter, Ric Gresia
Rent Beds Baths SqFt
Call for Rents Floorplan Info Upon Request - -
check_circle  Project-Based Rental Assistance

Waitlist Forecast

Since this property is a LIHTC property that may have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

Dave's Thoughts On Martin Towers on the Mall

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Martin Towers on the Mall has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you need help paying your rent and are willing to wait for a longer waiting list.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for Martin Towers on the Mall

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people 5 people 6 people 7 people 8 people
30% AMI for PBRA Units $18,150 / year $20,750 / year $24,860 / year $30,000 / year $35,140 / year $40,280 / year $45,420 / year $50,560 / year
50% AMI for LIHTC Units $30,250 / year $34,550 / year $38,850 / year $43,150 / year $46,650 / year $50,100 / year $53,550 / year $57,000 / year
50% AMI for PBRA Units $30,250 / year $34,550 / year $38,850 / year $43,150 / year $46,650 / year $50,100 / year $53,550 / year $57,000 / year
60% AMI for LIHTC Units $36,300 / year $41,460 / year $46,620 / year $51,780 / year $55,980 / year $60,120 / year $64,260 / year $68,400 / year
80% AMI for PBRA Units $48,350 / year $55,250 / year $62,150 / year $69,050 / year $74,600 / year $80,100 / year $85,650 / year $91,150 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Martin Towers on the Mall

Does Martin Towers on the Mall have a waiting list?

Martin Towers on the Mall probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Martin Towers on the Mall?

We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.

In addition to Martin Towers on the Mall, how many other affordable housing properties (and units) are there in Sioux City?

In addition to Martin Towers on the Mall, we list 45 other affordable properties in Sioux City. Learn about these properties here. Our data research shows that there are a total of 1991 affordable units in Sioux City.

Listings Near Martin Towers on the Mall

Town View Apartments

400-464 W 4th St , Sioux City, Iowa 51103

bed 2-3
payment Subsidized
accessibility Accessible

Centennial Manor Apartments

441 W 3rd St, Sioux City, Iowa 51103

bed 1
payment Subsidized
accessibility Accessible

Pheasant Acres

3640 Indian Hills Drive, Sioux City, Iowa 51104

bed 1
switch_access_shortcut Short Wait

Hillside Park ~ Sioux City

2800 W 4th St, Sioux City, Iowa 51103

switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Pheasant Acres

308 East Corning Street, Sioux City, Iowa 51566

bed 1-3

Everett School Apartments

1314 W 3rd , Sioux City, Iowa 51104

bed 1-4
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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