721 Eldene Ln , Rapid City, SD 57701
Waiting List Forecast: Likely Short or None
Verified for 2018 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $479 - 876 per Month† | 2 - 3 Beds | 1 - 2 Baths | - |
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.
Beautiful single level units with a basketball court AND playground for kids! Maintenance-free living designed especially for Families!
Because Edgewood Estates 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. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 2 Bedroom (2/1) | - | $479 $876† |
| 3 Bedroom (3/2) | - | $479 $876† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $31,400 / year | $35,900 / year | $40,400 / year | $44,850 / year | $48,450 / year | $52,050 / year |
| 50% AMI for PBRA Units | $31,400 / year | $35,900 / year | $40,400 / year | $44,850 / year | $48,450 / year | $52,050 / year |
| 60% AMI for LIHTC Units | $37,680 / year | $43,080 / year | $48,480 / year | $53,820 / year | $58,140 / year | $62,460 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Edgewood Estates have a waiting list?
Edgewood Estates 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 Edgewood Estates?
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 Edgewood Estates?
Edgewood Estates is managed by Lewis Kirkeby headquartered in Rapid City , South Dakota.
In addition to Edgewood Estates, how many other affordable housing properties (and units) are there in Rapid City?
In addition to Edgewood Estates, we list 62 other affordable properties in Rapid City. Learn about these properties here. Our data research shows that there are a total of 2285 affordable units in Rapid City.
1158 Anamosa St , Rapid City, South Dakota 57701
5 E Knollwood Drive, Rapid City, South Dakota 57701
721 Eldene Ln , Rapid City, South Dakota 57701
121 Stumer Rd , Rapid City, South Dakota 57701
4216 Berniece Street, Rapid City, South Dakota 57703
Only submit truthful information.
Submitting false information can disqualify the household from assistance, and may land the applicant in legal trouble.Shirley Toran says:
"Affordable Housing Online is very good at keeping me informed on new and future dates for waiting list applications."