Mercy Northglen Apartments, located in Lincoln, Nebraska on a 4.8 acre site, was developed in 1970. The 60-unit multifamily property has 10 one-bedroom apartments and 50 two-bedroom apartments and consists of five three-level buildings. Mercy Housing acquired the property in 1995 and in 2011, the property under went an extensive rehabilitation including the renovation of all the units and a new community center.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | - | Call for Price |
2 Bedroom (2/1) | - | Call for Price |
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 Lincoln but actual income limits may differ for units at Northglen Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
Very Low Income (50%) | $33,600 | $38,400 | $43,200 | $47,950 |
Low Income (60%) | $40,320 | $46,080 | $51,840 | $57,540 |
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.
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.