2024	Median Family Income	2024 Yearly Income Limit	2024 Yearly Income Limit - Person(s) in Family
Income Limits		Category	1	2	3	4	5
Lawrence County, SD	$91,100	Very Low Income (50%)	$31,900	$36,450	$41,000	$45,550	$49,200
Extremely Low Income (30%)	$19,150	$21,900	$25,820	$31,200	$36,580
Low Income (80%)	$51,050	$58,350	$65,650	$72,900	$78,750

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HUD Housing Low Income Tax Credit (LIHTC) Properties In Spearfish, SD

Listed below are the Section 42, LIHTC apartments in Spearfish, SD. LIHTC apartment rents are not based on the tenants income. Income credit set aside brackets are selected during the apartment credit applications are used to determine the apartment rents.

The rents are based upon the Area Medium Income (AMI) and tenant based utility allowances. At least 20% of these apartments (listed below), must provide these low rates for low-income tenants.

HUD housing LIHTC Eligibility Requirements

Income: Households must earn below a certain income level, which is set by the HUD and varies by location. In general, households must earn below 60% of the area median income (AMI) to be eligible for LIHTC housing.
Citizenship or residency status: Households must be U.S. citizens or legal permanent residents.
Need for housing assistance: Households must have a demonstrated need for housing assistance. This means that they must be unable to afford housing on their own.

In addition to the above requirements, some LIHTC properties may have additional eligibility requirements, such as age restrictions or preferences for certain types of households (e.g., families with children, veterans, etc.).

To determine if you are eligible for LIHTC housing, you can contact your local housing authority (listed above) or search for LIHTC properties (listed below).

LIHTC Maximum Rents

The maximum allowable rents are equal to 30% of the Area Medium Income (AMI), less the utility allowances.

HUD Fair Market Rents for Spearfish, SD Lawrence County

Apartment Size	HUD's Monthly Fair Market Rent For Area	LIHTC Maximum Rent
Studio Apartments	$699	Estimated $209.70 - utility allowance
One Bedroom Apartments	$785	Estimated $235.50 - utility allowance
Two Bedroom Apartments	$1032	Estimated $309.60 - utility allowance
Three Bedroom Apartments	$1454	Estimated $436.20 - utility allowance

Available LIHTC Properties In Spearfish, SD

Using the table above you can estimate what you would be paying by checking the LIHTC Maximum Rent section.

Contact these properties for openings and wait lists and price lists.

Spearfish Apartments

2301 N Fifth St
Spearfish, SD - 57783
Total Apartment Units: 24
Total Apartment Low Income Apartments: 24
Years In Service Since: 1988

Hillside Apartments

3320 Seventh Ave
Spearfish, SD - 57783
Total Apartment Units: 16
Total Apartment Low Income Apartments: 16
Years In Service Since: 1993

Rolling Hills Apartments

721 S 34th St
Spearfish, SD - 57783
Total Apartment Units: 24
Total Apartment Low Income Apartments: 24
Years In Service Since: 1994

Southview Apartments

920 S 34th St
Spearfish, SD - 57783
Total Apartment Units: 24
Total Apartment Low Income Apartments: 24
2 Bedroom apartments 16
3 Bedroom apartments 8
Years In Service Since: 1996

Golden Manor

620 N 11th St
Spearfish, SD - 57783
Total Apartment Units: 22
Total Apartment Low Income Apartments: 22
1 Bedroom apartments 14
2 Bedroom apartments 8
Years In Service Since: 2004

Rocky Bluff Apartments

2437 Clear Spring Rd
Spearfish, SD - 57783
Total Apartment Units: 31
Total Apartment Low Income Apartments: 31
2 Bedroom apartments 16
3 Bedroom apartments 15
Years In Service Since: 2013

HUD Housing Section 8 and Multifamily Properties in Spearfish, SD

The US Department of Housing and Urban Development provides active listings of Section 8 and Multifamily apartments. We have listed them below for you to contact. Check with them to see if they have current availabilities and/or waiting lists. With Section 8 properties, you will need a voucher. Contact the Lawrence County Public Housing Authorities, listed at the top of this page.

Eligibility for HUD Housing Section 8, you must meet the following requirements:

Income: Your income must be below a certain level, which is set by the HUD and varies by location. In general, households must earn below 50% of the area median income (AMI) to be eligible for Section 8 housing.
Citizenship or residency status: You must be a U.S. citizen or legal permanent resident.
Need for housing assistance: You must have a demonstrated need for housing assistance. This means that you must be unable to afford housing on your own.

In addition to the above requirements, some Section 8 programs may have additional eligibility requirements, such as age restrictions or preferences for certain types of households (e.g., families with children, veterans, etc.).

To determine if you are eligible for Section 8 housing, you can contact your local Public Housing Authority (listed above). The Public Housing Authorities can provide you with information on the application process and help you determine if you are eligible for Section 8 assistance.

Tips To Get In To Section 8 Housing:

Local Rules: Each local housing authority has different rules around Section 8. Decide where you want to live and find the housing authorities in charge of those neighborhoods.
Applying for a Voucher: Contact your local Public Housing Agency (PHA) to apply for a voucher. They can tell you if they’re currently accepting new applicants and provide application details.
Payment Standards: Section 8 doesn’t specify a fixed dollar amount for rent assistance. Instead, the PHA sets a payment standard based on local housing market rates.

Lookout Mountain View

308 E Rushmore
Spearfish, SD - 57783
Phone: 605-892-4381
Total Apartment Units: 24
Type of Listing: Insured-Subsidized

Iron Creek Plaza

1710 Ryan Rd
Spearfish, SD - 57783
Phone: 605-642-7547
Total Apartment Units: 24
Type of Listing: Insured-Subsidized

Golden Manor Apartments

620 N 11th St
Spearfish, SD - 57783
Phone: (605) 642-7602
Total Apartment Units: 22
Type of Listing: Subsidized - Previously Insure

Qualifying For HUD Housing Section 8 Vouchers In Spearfish, SD

HUD Housing eligibility is determined by the Lawrence County Public Housing Authority.

HUD Income Limits 2024 in Spearfish, SD.