320 S 3rd Ave, Sioux Falls, SD 57104
Waiting List Forecast: Likely Long or Closed
Verified for 2023 by Katie Garay| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 1 Bath | 455 Sq Ft |
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.
Tower of David is an elderly 62+ and / or disable Section 8 income base property. This community consists of 80 one bedroom units 4 of those units are wheelchair accessible. Offering spacious living areas, remodeled cabinetry, wall to wall carpeting except for the kitchen and bathrooms which features vinyl flooring, modern and energy efficient appliances, heating and central air, elevators and control access entry doors. Tower of David is conveniently located downtown near a grocery store, close to hospitals and restaurants in the Sioux Falls area. And on the regular / emergency bus route. We also have a business center for faxing and photo copying service. All utilities are paid by the building except telephone, cable and internet.
This property participates in the Section 8 Project-Based Rental Assistance program meaning the rent for many, if not all, units is based on a tenant's income. 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. This property was also financed through a HUD-insured private mortgage meaning the owner has oversight from both a private bank and HUD. This usually means Tower of David Apartments is kept in good condition. Since this property has a project-based Section 8 contract, you won't need a Section 8 voucher to live here. If you have a voucher, you may have to give it up to live here.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 455ft2 | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $20,200 / year | $23,050 / year | $25,950 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $33,600 / year | $38,400 / year | $43,200 / year | $48,000 / year | $51,850 / year | $55,700 / year | $59,550 / year | $63,400 / year |
| 50% AMI for PBRA Units | $33,600 / year | $38,400 / year | $43,200 / year | $48,000 / year | $51,850 / year | $55,700 / year | $59,550 / year | $63,400 / year |
| 80% AMI for PBRA Units | $53,800 / year | $61,450 / year | $69,150 / year | $76,800 / year | $82,950 / year | $89,100 / year | $95,250 / year | $101,400 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Tower of David Apartments have a waiting list?
Tower of David 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 Tower of David 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 Tower of David Apartments?
Tower of David Apartments is managed by California Commercial Investment Companies headquartered in Westlake Village, California.
In addition to Tower of David Apartments, how many other affordable housing properties (and units) are there in Sioux Falls?
In addition to Tower of David Apartments, 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.
When was the Tower of David Apartments listing last updated?
Tower of David Apartments listing on Affordable Housing Online was last updated on 04/04/2023 by Katie Garay. Remember, a property's status can change so you should contact the property to confirm.
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