Kensington Towers Apartments

505 S 16th St, Omaha, Nebraska 68102

Kensington Towers Apartments, located at 505 S 16th St in Omaha, has studio, one and two bedroom apartments. Kensington Towers Apartments participates in the Low-Income Housing Tax Credit (LIHTC) program.

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Units

Unit (Bd/Ba) Ft2 Rent
Studio (Studio/1) - From $570 To $590
1 Bedroom (1/1) - From $670 To $730
2 Bedroom (2/1) - From $740 To $800

Kensington Towers Apartments Details

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

Unit Amenities

  • Microwave

About Kensington Towers Apartments

Comfortable, convenient urban living with amazing views of the downtown area! Kensington Tower brings you elegance and beauty. Choose from studios with walk-out patios, one-bedroom, and two-bedroom arrangements and enjoy the downtown landscape. One block away from the Orpheum Theatre, Kensington Tower is just a few blocks from the major office district and Central Park Mall. A brisk walk takes you to the wonderful attractions and vibrant restaurants of Omaha’s historic Old Market.

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.

Omaha 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 Omaha but actual income limits may differ for units at Kensington Towers Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $30,100 $34,400 $38,700 $43,000 $46,450 $49,900 $53,350 $56,800
Low Income (60%) $36,120 $41,280 $46,440 $51,600 $55,740 $59,880 $64,020 $68,160

Kensington Towers Apartments 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.

Kensington Towers Apartments is managed by Wassco, LLC.

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Image of Kensington Towers Apartments

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