2103 North 16th Street, Omaha, NE 68102
Waiting List Forecast: Likely Short or None
Verified for 2023 by Rachel Overby, 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.
Located in the Downtown area, The Margaret boasts newly renovated apartments in Omaha, Nebraska within a historic building. Our homes feature hardwood flooring, beautiful woodwork and exposed brick in some homes. As the first "green" complex in the area, our apartments feature high-efficiency furnaces, low-flow water fixtures, and low voltage lighting. Residents of The Margaret will enjoy close proximity to big city destinations.
Because The Margaret participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. Depending on the number of HOME-designated units and the type of LIHTC program, additional units may have even lower household income requirements and corresponding lower rent caps.
~ 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 The Margaret have a waiting list?
The Margaret 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 The Margaret?
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 The Margaret?
The Margaret is managed by Seldin Company headquartered in Omaha , Nebraska.
In addition to The Margaret, how many other affordable housing properties (and units) are there in Omaha?
In addition to The Margaret, 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.
Housing options for seniors.
Many housing programs have apartments or entire properties restricted to senior residents only, including Section 202 Supportive Housing for the Elderly.Dale Brown says:
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