Palace Apartments

901 W 8th Ave, Mitchell, South Dakota 57301

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Eligibility for Palace 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 Mitchell but actual income limits may differ for units at Palace Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$17,950	$20,500	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50%	$29,900	$34,150	$38,400	$42,650	$46,100	$49,500	$52,900	$56,300
80%	$47,800	$54,600	$61,450	$68,250	$73,750	$79,200	$84,650	$90,100

Palace Apartments Details

32 bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Section 521 USDA Rental Assistance
Section 221 (d) (3)
Section 236

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.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

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.