Falls Park Apartments is managed by Cambridge Management, Inc..
Falls Park offers the benefits of country living along with the conveniences of the city. Make your new home with us and you'll enjoy beautiful sunsets, expansive views, and all of the amenities of a luxury apartment community. We have over-sized washers and dryers, dishwashers, energy-efficient appliances and lighting, and extra storage. Our thoughtfully-designed apartments have large dining areas within each kitchen. We also feature free Wifi access, and a business center. We re just a few minutes from the freeway for easy access to employers, shopping, parks and more!
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Three Bedroom (3/2) | 1153 | $814 |
Four Bedroom (4/2) | 1283 | $835 |
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 Sioux Falls but actual income limits may differ for units at Falls Park Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $33,600 | $38,400 | $43,200 | $48,000 | $51,850 | $55,700 | $59,550 | $63,400 |
Low Income (60%) | $40,320 | $46,080 | $51,840 | $57,600 | $62,220 | $66,840 | $71,460 | $76,080 |
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.