Sikeston Apartments I

118 N 2nd St, Sikeston, Missouri 63801

Sikeston Apartments I offer 1 bedroom senior units. The amenities and features include: Central Heat/Air, Fire Stops, HUD Property, Laundry Room, On-Site Maintenance, On-Site Manager, Parking, Range/Hood, Refrigerator, Single Story, and Smoke Alarms.

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price

Sikeston Apartments I Details

  • 32 1 bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing
  • HOME Investment Partnerships Program
  • Section 521 USDA Rental Assistance

Property Amenities

  • On-Site Manager
  • Laundry Room
  • On-Site Parking
  • On-Site Maintenance

Unit Amenities

  • Refrigerator
  • Central Heat & Air

Office Hours

Day Hours
Monday 8:00am-4:30pm
Tuesday 8:00am-4:30pm
Wednesday 8:00am-4:30pm
Thursday 8:00am-4:30pm
Friday 8:00am-4:30pm

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Sikeston 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 Sikeston but actual income limits may differ for units at Sikeston Apartments I.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $13,590 $18,310 $23,030 $27,750 $32,470 $36,500 $39,000 $41,550
50% $22,050 $25,200 $28,350 $31,450 $34,000 $36,500 $39,000 $41,550
80% $35,250 $40,250 $45,300 $50,300 $54,350 $58,350 $62,400 $66,400

Sikeston 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 Sikeston but actual income limits may differ for units at Sikeston Apartments I.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $22,050 $25,200 $28,350 $31,450 $34,000 $36,500 $39,000 $41,550
Low Income (60%) $26,460 $30,240 $34,020 $37,740 $40,800 $43,800 $46,800 $49,860

Sikeston Apartments I is managed by MACO Management Company.

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