About This Tower Apartments - Watertown
Tower Apartments is a rental complex located in Watertown, SD that offers affordable housing options for low-income individuals and families. This apartment complex is supported by the Low-Income Housing Tax Credit (LIHTC) program, which provides incentives to builders and developers to create affordable housing units for those with limited financial means.
The rent for these apartments is based on a percentage of the Area Median Income (AMI), which may still be too high for some low-income renters. However, interested parties can check the current rental rates to determine if this housing option is affordable for them.
Tower Apartments features 50 one-bedroom units for low-income tenants, but there may be a waiting list for available units. Interested renters can contact the complex directly to inquire about availability and eligibility.
This housing complex also accepts subsidies from the U.S. Department of Housing and Urban Development (HUD). If a low-income renter qualifies for HUD subsidies and there are available units, their rent will be based on 30% of their adjusted gross income. Please call for more information.
How to apply
Public housing is a form of housing tenure in which the property is usually owned by a government
authority, either central or local. The federal Housing and Urban Development (HUD) department
addressed concerns of distressed properties and blighted superblocks with revitalization and funding
projects for the renewal of public housing to decrease its density and allow for tenants with mixed
income levels.
1. Check Your Eligibility Criteria
2. Search For Your Local Housing Authority
3. Fill In And Submit The Application Form
4. Check Your Waiting List Status
5. Move Into An Unit
Statement
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