Village Gate and Strattford Square

4111 D St, Omaha, Nebraska 68107

Contact Village Gate and Strattford Square

The Village Gate Apartments and Strattford Square Apartments are located in Omaha, Nebraska. This two site conversion and renovation project was financed using an insured HUD loan, IRS Section 42 Low Income Housing Tax Credits, Federal Home Loan Bank’s Affordable Housing Program funds, and a HUD Interest Reduction Payment (“IRP”) Contract. This 170 unit complex was built in 1970 and renovation of all units was completed in December 2007.

Eligibility for Village Gate and Strattford Square

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 Omaha but actual income limits may differ for units at Village Gate and Strattford Square.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
50%	$35,250	$40,300	$45,350	$50,350	$54,400	$58,450	$62,450	$66,500

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 Omaha but actual income limits may differ for units at Village Gate and Strattford Square.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$35,250	$40,300	$45,350	$50,350	$54,400	$58,450	$62,450	$66,500
Low Income (60%)	$42,300	$48,360	$54,420	$60,420	$65,280	$70,140	$74,940	$79,800

Village Gate and Strattford Square Details

76 bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)
Section 236

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.