Colonial Square Apartments - Yankton

802 East 13th Street, Yankton, South Dakota 57078

Contact Colonial Square Apartments - Yankton

For comfortable apartment living, come home to Colonial Square Apartments, a community of apartments in Yankton, South Dakota. Their one and two-bedroom floor plans come supplied with must-have amenities, including: window coverings and paid utilities. Their shared spaces are also home to an on-site laundry facility, professional management office, and ample parking. No matter your lifestyle, you're sure to enjoy the convenience afforded to you at Colonial Square Yankton.

Eligibility for Colonial Square Apartments - Yankton

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 Yankton but actual income limits may differ for units at Colonial Square Apartments - Yankton.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$17,900	$20,450	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50%	$29,850	$34,100	$38,350	$42,600	$46,050	$49,450	$52,850	$56,250
80%	$47,750	$54,550	$61,350	$68,150	$73,650	$79,100	$84,550	$90,000

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 Yankton but actual income limits may differ for units at Colonial Square Apartments - Yankton.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$29,850	$34,100	$38,350	$42,600	$46,050	$49,450	$52,850	$56,250
Low Income (60%)	$35,820	$40,920	$46,020	$51,120	$55,260	$59,340	$63,420	$67,500

Colonial Square Apartments - Yankton Details

42 bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)
Section 236

Property Amenities

On-Site Manager
Laundry Room
24hr Emergency Maintenance

Unit Amenities

Window Coverings
Water Trash and Sewer Included

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.

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 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.