User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


81° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Affordable Housing Need Grows In Sioux Falls

June 9, 2014, 6:10 PM by Kathleen Serie

Affordable Housing Need Grows In Sioux Falls
SIOUX FALLS, SD -

The need for affordable housing options in Sioux Falls is growing. There are more than 3,800 households on the waiting list right now. Two organizations are teaming up to fill the need.

Using Lloyd Company's construction expertise, paired with the Sioux Falls Ministry Center's mission to help people, the two organizations plan to provide more reasonably-priced housing in the city.

"People's greatest physical need in Sioux Falls is safe and affordable housing. In order for them to move forward in life, they need to have a consistent place where they can go and live each night and an affordable place," Sioux Falls Ministry Center’s Board of Directors Rich Merkouris said.

There is an income limit for those hoping to live in the North Minnesota Avenue apartments.

"We're seeking to reach out to people that are at 30 percent of the average median income, 40 percent of the average median income, up to 60 percent of the average median income. So depending on what your income is, determines what you'll be paying each month for rent," Merkouris said.

With a projected completion date of September 1, the 31-unit apartment complex will be open as affordable housing in the fall.

"I think it's a step in just the further development in Sioux Falls, in terms of revitalizing some of the older areas of Sioux Falls, and in terms of developing our community and our neighborhoods. I think it's going to offer a great opportunity for people," Lloyd Companies Property Manager Glenna Krebs said.

A resident assistant will also live in the building to help connect people living in the complex with other resources in the city.

Lloyd Companies is accepting applications and deposits for the new complex this week.

Learn more about apartment pricing and amenity details online.

Previous Story

Next Story


Comments







 
Find Local Businesses on KELO Pages!

View business

You may also like

New Mortgage Rules

7/16/2014 10:10 PM

This year, new mortgage rules went into effect to protect homeowners who are struggling. Potential buyers are also required to get education before en...

Full Story | Watch
Lance Armstrong Is Grand Marshal For Sturgis Ride

7/21/2014 3:02 PM

Dethroned cyclist Lance Armstrong has been named the official grand marshal of the mayor's ride to kick off the Sturgis Motorcycle Rally.

Full Story
Fruit From Walmart And Costco May Be Contaminated

7/22/2014 11:23 AM

A Central California company has issued a voluntary nationwide recall of specific lots of its fresh peaches, plums, nectarines and pluots over concern...

Full Story
First Frozen Yogurt Truck For Franchise In SD

7/17/2014 3:32 PM

People who attend JazzFest can cool down with frozen yogurt from the first Orange Leaf food truck in the nation

Full Story
Millennials Prefer Cash

7/21/2014 11:40 AM

Americans would rather put their money in the bank than make long-term investments in stocks

Full Story


Events