Heritage Acres III

2340 East Avenue, Sturgis, South Dakota 57785

Contact Heritage Acres III

The building is funded by Rural Development, rent is based off 30% of gross income. For those who are 62 or over, handicapped or disabled, medical expenses can be used in determining rent. We have a rent structure that meets requirements of most income levels; please call the property to find out the current qualifications.

There are 34 of these one and two bedroom apartments. They have a community room, exercise room, elevator in the buildings. Lunch is served Monday thru Friday in the community room. We pay the water, sewer, garbage, electric and cable is only $5.00 a month extra.

Unit (Bd/Ba)	Ft²	Rent
1 BR (1/1)	-	Income Based
2 BR (2/1)	-	Income Based

Eligibility for Heritage Acres III

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 Sturgis but actual income limits may differ for units at Heritage Acres III.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$30,400	$34,750	$39,100	$43,400
Low Income (60%)	$36,480	$41,700	$46,920	$52,080

Heritage Acres III Details

32 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
HOME Investment Partnerships Program
Section 521 USDA Rental Assistance

Property Amenities

BBQ and Picnic Area
Community Room
Off-Street Parking
Laundry Room(s)
Fitness Center
Senior Meal Delivery
Elevator

Unit Amenities

Air Conditioning
Handicapped Accessible
Refrigerator
Water Trash and Sewer Included
Bathroom Grab Bars
Stove

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 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

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.

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.