Falls Park Apartments

3601 North Career Avenue, Sioux Falls, South Dakota 57107

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Units

Unit (Bd/Ba) Ft2 Rent
Three Bedroom (3/2) 1,153 $686
Four Bedroom (4/2) 1,286 Call for Price

About Falls Park Apartments

Falls Park offers the benefits of country living along with the conveniences of the city. Make your new home with us and you'll enjoy beautiful sunsets, expansive views, and all of the amenities of a luxury apartment community. We have over-sized washers and dryers, dishwashers, energy-efficient appliances and lighting, and extra storage. Our thoughtfully-designed apartments have large dining areas within each kitchen. We also feature free Wifi access, and a business center. We re just a few minutes from the freeway for easy access to employers, shopping, parks and more!

Property Details

  • 74 three and four bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Playground
  • Basketball Court
  • Business Center
  • Clubhouse

Unit Amenities

  • Dishwasher
  • Window Coverings
  • Refrigerator

Section 42 Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, monthly rent cannot exceed the Tax Credit maximum rent for the area. Households earning less than 60% of the area median income qualify for units with reduced rent. Some rental units in this property may not be subject to LIHTC and therefore may be set at levels higher than the area's LIHTC limits.

Sioux Falls Low Income Housing Tax Credit Income Qualifications

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% $27,550 $31,500 $35,450 $39,350 $42,500 $45,650 $48,800 $51,950
60% $33,060 $37,800 $42,540 $47,220 $51,000 $54,780 $58,560 $62,340

Falls Park Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Falls Park Apartments is managed by Cambridge Management, Inc..

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