South Forty Apartments

769 Fallow Ln, Billings, Montana 59102

Contact South Forty Apartments

Welcome home! Located in the heart of Billings, Montana, the South 40 Apartments offers comfort and affordability for seniors 62 years of age or older.

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

Eligibility for South Forty 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 South Forty 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 South Forty 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

South Forty Apartments Details

1001 one bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

Property Amenities

Controlled Access
Elevator
Fitness Center
Clubhouse
On-Site Laundry

Unit Amenities

Air Conditioning
Handicapped Accessible
Water Trash and Sewer Included
Fully Equipped Kitchen

Nearby Amenities

Close to Public Transportation

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.