Town View Apartments

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

These wonderful apartments are situated in a beautiful five building complex with private, off -street parking. This comfortable and cozy setting provides a nice family living environment. Eligible residents pay 30% of their adjusted annual gross income. Applicants may have assets, cash, savings, stocks, or annuities, etc… and may still qualify for housing! Please fill out a ‘Rental Application’ online, or Contact Us and we will then provide you with details. Security deposit is required. There is no application fee.

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Units

Unit (Bd/Ba) Ft2 Rent
2 Bedroom (2/1) - Income Based
3 Bedroom (3/2) - Income Based

Town View Apartments Details

  • 32 two and three bedroom units.
  • Water and Sewer utilities included in rent
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Unit Amenities

  • Ceiling Fan(s)
  • Microwave
  • Cable Ready
  • Carpet
  • Water Trash and Sewer Included
  • Central Heat & Air
  • Fully Equipped Kitchen
  • Washer/ Dryer
  • Mini Blinds & Curtain Rods
  • Dining Area

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Sioux City HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Sioux City but actual income limits may differ for units at Town View Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,400 $17,600 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% $25,700 $29,350 $33,000 $36,650 $39,600 $42,550 $45,450 $48,400
80% $41,100 $46,950 $52,800 $58,650 $63,350 $68,050 $72,750 $77,450

Sioux City Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Sioux City but actual income limits may differ for units at Town View Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $25,700 $29,350 $33,000 $36,650 $39,600 $42,550 $45,450 $48,400
Low Income (60%) $30,840 $35,220 $39,600 $43,980 $47,520 $51,060 $54,540 $58,080

Town View Apartments is managed by Oakleaf Property Management.

Image of Town View Apartments
Image of Town View Apartments

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