102 S Wall St, Lead, SD 57754
Waiting List Forecast: Likely Long or Closed
Verified for 2020 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 1 - 2 Baths | - |
Since this property may have a Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. 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.
The building is funded by HUD, rent is based off 30% of gross income. For those who are 62 or over, handicapped or disabled, medical expenses can be used in determining rent. We have a rent structure that meets requirements of most income levels; please call the property to find out the current qualifications
There are 24 of these 2 and 3 bedroom apartments. The kitchens are a open concept that looks into the dining / living room. You have on-site laundry, off street parking, and accross the street from the Open Cut & the Lead City Park.
Since Timberland Apartments participates in the Section 8 Project-Based Rental Assistance program, your rent would be subsidized. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. Since this property participates in the Section 8 Project Based Rental Assistance program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 2 BR (2/1) | - | Rent is Based On Your Income† |
| 3BR (3/2) | - | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $18,100 / year | $20,650 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year |
| 50% AMI for LIHTC Units | $30,100 / year | $34,400 / year | $38,700 / year | $43,000 / year | $46,450 / year | $49,900 / year |
| 50% AMI for PBRA Units | $30,100 / year | $34,400 / year | $38,700 / year | $43,000 / year | $46,450 / year | $49,900 / year |
| 80% AMI for PBRA Units | $48,150 / year | $55,000 / year | $61,900 / year | $68,750 / year | $74,250 / year | $79,750 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Timberland Apartments have a waiting list?
Timberland Apartments probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Timberland Apartments?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Timberland Apartments?
Timberland Apartments is managed by Lewis Kirkeby headquartered in Rapid City , South Dakota.
In addition to Timberland Apartments, how many other affordable housing properties (and units) are there in Lead?
In addition to Timberland Apartments, we list 3 other affordable properties in Lead. Learn about these properties here. Our data research shows that there are a total of 56 affordable units in Lead.
100 Montana Ave, Lead, South Dakota 57754
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