Sage Tower Apartments

115 N 24th St, Billings, Montana 59101

Contact Sage Tower Apartments

Sage Tower is located in downtown Billings, convenient to shopping and the Billings Senior Citizen Center. Sage Tower is designed for your comfort and ease of living. The interior has recently been remodeled and each unit includes a stove and refrigerator, as well as individual temperature controls, individual smoke sensors and wiring for cable TV, internet and telephone. There are garbage chutes on each floor as well as a central meeting room, game room, library, laundry facilities, computer room, common area kitchen, and elevators. There is rental assistance available on some unit types and we accept Vouchers for our deluxe units. All utilities are paid except for phone and cable.

Unit (Bd/Ba)	Ft²	Rent
studio (Studio/1)	325	Call for Price
1 Bedroom (1/1)	475	Call for Price

Eligibility for Sage Tower 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 Billings but actual income limits may differ for units at Sage Tower Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$18,850	$21,550	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50%	$31,400	$35,850	$40,350	$44,800	$48,400	$52,000	$55,600	$59,150
80%	$50,200	$57,400	$64,550	$71,700	$77,450	$83,200	$88,950	$94,650

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 Billings but actual income limits may differ for units at Sage Tower Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$31,400	$35,850	$40,350	$44,800	$48,400	$52,000	$55,600	$59,150
Low Income (60%)	$37,680	$43,020	$48,420	$53,760	$58,080	$62,400	$66,720	$70,980

Sage Tower Apartments Details

109 studio and one bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program
Section 221 (d) (3)
Section 236

Property Amenities

Controlled Access
Elevator
Community Room
Business Center
Off-Street Parking
Experienced Management
On-Site Maintenance
Coin-Operated Laundry
Accessible Apartments
Wheel Chair Accessible

Unit Amenities

Air Conditioning
Garbage Disposal
Cable Ready
Carpet
Refrigerator
Blinds
Trash Chutes

Nearby Amenities

Close to Public Transportation
Close to Shopping

Office Hours

Day	Hours
Monday	7:30am-10:30am
Tuesday	7:30am-10:30am
Wednesday	7:30am-10:30am
Thursday	7:30am-10:30am
Friday	7:30am-10:30am

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

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.