Horizon Apartments

3520 N 4th Ave, Sioux Falls, South Dakota 57104

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Horizon Apartments is managed by Lloyd Companies.

If you are looking for newly renovated apartments with modern dark finishes in North Sioux Falls- this is it! Horizon Place Apartments is just off of Benson and N. 4th Avenue in Sioux Falls, SD and has easy access to I-229. This community offers amenities including play area, a sports court, and washer and dryers on-site.
 

Unit (Bd/Ba) Ft2 Rent
2 Bedroom (2/1) 802 $820
3 Bedroom (3/2) 1 $960
Horizon Apartments is accepting applications and does not have a waiting list.

The Horizon Apartments waiting list is currently closed until further notice.

Last updated on March 18th, 2020

Eligibility for Horizon Apartments

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 Horizon Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person
Very Low Income (50%) $33,600 $38,400 $43,200 $48,000 $51,850 $55,700
Low Income (60%) $40,320 $46,080 $51,840 $57,600 $62,220 $66,840

Horizon Apartments Details

  • 42 two and three bedroom units.
  • Water and Sewer utilities included in rent
  • Electricity utility included in rent
  • Heat utility included in rent
  • Low-Income Housing Tax Credit (LIHTC)
  • HOME Investment Partnerships Program

Property Amenities

  • Controlled Access
  • Playground
  • On-Site Manager
  • Off-Street Parking
  • Laundry Facilities
  • On-Site Security

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Refrigerator
  • Large Closets

Nearby Amenities

  • Close to Public Transportation

Office Hours

Day Hours
Monday 9:30am-5:30pm
Tuesday 9:30am-5:30pm
Wednesday 9:30am-5:30pm
Thursday 9:30am-5:30pm
Friday 9:00am-5:00pm
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.

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.

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