Bethel Estates of Neodesha

1703 N 3rd St, Neodesha, Kansas 66757

Bethel Estates of Neodesha, located at 1703 N 3rd St in Neodesha, has one and two bedroom apartments. Bethel Estates of Neodesha participates in the Low-Income Housing Tax Credit (LIHTC) program.

Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 622 Call for Price
Two Bedroom (2/1) 842 Call for Price

Bethel Estates of Neodesha Details

  • 18 one and two bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Nearby Amenities

  • Near Park

About Bethel Estates of Neodesha

Bethel Estates offers one and two bedroom ground level units.  Bethel Estates is settled nicely in town close to parks and schools.

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.

Neodesha 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 Neodesha but actual income limits may differ for units at Bethel Estates of Neodesha.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $21,550 $24,600 $27,700 $30,750 $33,250 $35,700 $38,150 $40,600
Low Income (60%) $25,860 $29,520 $33,240 $36,900 $39,900 $42,840 $45,780 $48,720

Bethel Estates of Neodesha was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Bethel Estates of Neodesha is managed by Wheatland Investments Group LLC.

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Image of Bethel Estates of Neodesha
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