3502 Lake Street, Omaha, NE 68111
Waiting List Forecast: Likely Short or None
Verified for 2020 by Ben D. Layfield, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. 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.
Hello and welcome to Salem Village! Salem Village is conveniently located at 3502 Lake St, Omaha, NE 68111!
At the 62 and older Senior Community, there many amenities offered while residing in a neighborhood that offers great food, shopping, and schools! The quiet community offers an elevator, community rooms, and heated underground parking! You will fall in love with this community, as well as the residents when you step foot in the door! Please note that income restrictions can apply.
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. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Salem Village Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, 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 have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $35,250 / year | $40,300 / year | $45,350 / year | $50,350 / year | $54,400 / year | $58,450 / year | $62,450 / year | $66,500 / year |
| 50% AMI for PBRA Units | $35,250 / year | $40,300 / year | $45,350 / year | $50,350 / year | $54,400 / year | $58,450 / year | $62,450 / year | $66,500 / year |
| 60% AMI for LIHTC Units | $42,300 / year | $48,360 / year | $54,420 / year | $60,420 / year | $65,280 / year | $70,140 / year | $74,940 / year | $79,800 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Salem Village Apartments have a waiting list?
Salem Village Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Salem Village Apartments?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Salem Village Apartments?
Salem Village Apartments is managed by NP Dodge headquartered in Omaha, NE.
In addition to Salem Village Apartments, how many other affordable housing properties (and units) are there in Omaha?
In addition to Salem Village Apartments, we list 291 other affordable properties in Omaha. Learn about these properties here. Our data research shows that there are a total of 8811 affordable units in Omaha.
Know your rights as a Section 8 tenant.
In many areas, private landlords with an available unit can refuse interested tenants who have a Section 8 voucher. Check your local laws.Francine Harris says:
"I like Affordable Housing Online because it directs you to a variety of housing authorities. I recommend this website to anyone looking for affordable housing."