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Security Building

305 S 16th St, Omaha, Nebraska 68102

Security Building offers (35) 1,2 & 3 bedroom units for families located in the town of Omaha, NE.

Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom One Bath (1/1) - Call for Price
Two Bedroom One Bath (2/1) - Call for Price
Three Bedroom One Bath (3/1) - Call for Price

Security Building Details

  • 35 one, two and three bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Public Housing

Property Amenities

  • Controlled Access
  • Elevator
  • High Speed Internet Access
  • On Bus-line
  • Laundry Facility

Unit Amenities

  • Central Air
  • Microwave
  • Washer/Dryer Hookup

Nearby Amenities

  • Near Park

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.

Public Housing

Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.

Omaha 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 Omaha but actual income limits may differ for units at Security Building.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $18,300 $20,900 $23,500 $26,200 $30,680 $35,160 $39,640 $44,120
50% $30,450 $34,800 $39,150 $43,500 $47,000 $50,500 $53,950 $57,450
80% $48,750 $55,700 $62,650 $69,600 $75,200 $80,750 $86,350 $91,900

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 Security Building.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $30,450 $34,800 $39,150 $43,500 $47,000 $50,500 $53,950 $57,450
Low Income (60%) $36,540 $41,760 $46,980 $52,200 $56,400 $60,600 $64,740 $68,940

Security Building is managed by Omaha Housing Authority.

Image of Security Building

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