Grant Square II

9408 W Karmya Cir, Sioux Falls, SD 57106

Waiting List Forecast: Likely Short or None

check_circleVerified for 2018 by Joshua Cappell

Rent	Beds	Baths	SqFt
$545 - 967 per Month^†	2 - 3 Beds	2 Baths	1,026 - 1,344 Sq Ft

Call (605) 305-0774 Email

Waitlist Forecast

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.

Grant Square Apartments offer 2 and 3 bedroom units. For more information about leasing, please contact the Grant Square leasing office.

Dave's Thoughts On Grant Square II

Because Grant Square II 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

Grant Square II Amenities

Playground
Water Trash and Sewer Included
Balconies or Patios Available
24 Hour Maintenance

Units at Grant Square II

Unit (Bd/Ba)	Ft²	Rent
2 Bedroom (2/2)	1026ft²	$545 $836^†
3 Bedroom (3/2)	1344ft²	$660 $967^†

Income Qualification for Grant Square II

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people
50% AMI for LIHTC Units	$33,600 / year	$38,400 / year	$43,200 / year	$48,000 / year	$51,850 / year	$55,700 / year
50% AMI for PBRA Units	$33,600 / year	$38,400 / year	$43,200 / year	$48,000 / year	$51,850 / year	$55,700 / year
60% AMI for LIHTC Units	$40,320 / year	$46,080 / year	$51,840 / year	$57,600 / year	$62,220 / year	$66,840 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Grant Square II

Does Grant Square II have a waiting list?

Grant Square II 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 Grant Square II?

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 Grant Square II?

Grant Square II is managed by Costello Companies headquartered in Sioux Falls, South Dakota.

In addition to Grant Square II, how many other affordable housing properties (and units) are there in Sioux Falls?

In addition to Grant Square II, we list 201 other affordable properties in Sioux Falls. Learn about these properties here. Our data research shows that there are a total of 4686 affordable units in Sioux Falls.