Lakeview Terrace Apartments

123 S Grace St, Chamberlain, South Dakota 57325

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Eligibility for Lakeview Terrace 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 Chamberlain but actual income limits may differ for units at Lakeview Terrace Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$17,450	$19,950	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50%	$29,050	$33,200	$37,350	$41,500	$44,850	$48,150	$51,500	$54,800
80%	$46,500	$53,150	$59,800	$66,400	$71,750	$77,050	$82,350	$87,650

Lakeview Terrace Apartments Details

21 bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
HOME Investment Partnerships Program
Section 221 (d) (3)

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.

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.