Nu Elm Apartments

440 S New Ave, Springfield, Missouri 65806

Contact Nu Elm Apartments

Nu Elm Apartments is comprised of one and two bedroom apartment homes. Each apartment is equipped with Energy Star ® Appliances, an abundance of storage space, as well as each apartment having its own balcony or patio. The community is located in close proximity to shopping, banking, dining, entertainment and local schools.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	Call for Price
2 Bedroom (2/1)	-	Call for Price

Eligibility for Nu Elm Apartments

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Springfield but actual income limits may differ for units at Nu Elm Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
30%	$15,850	$19,720	$24,860	$30,000
50%	$26,400	$30,150	$33,900	$37,650
80%	$42,200	$48,200	$54,250	$60,250

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Springfield but actual income limits may differ for units at Nu Elm Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$26,400	$30,150	$33,900	$37,650
Low Income (60%)	$31,680	$36,180	$40,680	$45,180

Nu Elm Apartments Details

72 one and two bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)
Section 236

Property Amenities

Playground
Basketball Court
BBQ and Picnic Area
Computer Lab
24hr Emergency Maintenance
On-Site Parking
Energy Star Appliances
Experienced Management
Landscaping
On-Site Laundry

Unit Amenities

Air Conditioning
Patio Deck Or Balcony
Trash Included
Heat and Hot Water Included

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 236

Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.