Cherry Park Apts
415 S Cherry St, Grand Island, NE 68801
- Apartments
- 60
- Income-restricted
- 60
- Placed in service
- 1997
Nebraska
Tax credit apartments in Grand Island, NE
HUD's database lists 23 properties in Grand Island built or rehabbed with low-income housing tax credits: 905 apartments, 847 of them income-restricted. Rents in those units are capped while each property's affordability agreement runs, and you qualify by income; many properties still keep waiting lists.
Equal housing opportunity. Tax credit properties must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin, and they may not refuse an applicant because the applicant holds a Housing Choice (Section 8) voucher (IRC 42(h)(6)(B)(iv)). Properties HUD lists as senior housing may limit who lives there by age only as the Fair Housing Act's housing-for-older-persons exemption allows. To report housing discrimination, call HUD at 1-800-669-9777.
LIHTC Atlas does not own, manage or rent these apartments and does not take applications. Contact each property's management for availability, rents and income rules. Listings come from HUD's database and may be out of date.
Colonial Square Apts
515 E 16th St, Grand Island, NE 68801
40 2BR, 16 3BR
- Apartments
- 56
- Income-restricted
- 56
- Placed in service
- 2005
Mccoy Meadows
Scattered, Grand Island, NE 68803
32 3BR, 24 4BR
- Apartments
- 56
- Income-restricted
- 56
- Placed in service
- 2022
Mosaic Residential Services Of Nebraska
2905 W Fifth St, Grand Island, NE 68803
- Apartments
- 24
- Income-restricted
- 24
- Placed in service
- 2010
Ridgewood Crown
711 Ridgewood Ave, Grand Island, NE 68803
- Apartments
- 12
- Income-restricted
- 12
- Placed in service
- 2010
Riverbend Apts Phase I
102 Lakeview Cir, Grand Island, NE 68803
64 1BR, 80 2BR, 16 3BR
- Apartments
- 160
- Income-restricted
- 128
- Placed in service
- 2004
Riverbend Apts Phase II
106 Lakeview Cir, Grand Island, NE 68803
- Apartments
- 96
- Income-restricted
- 81
- Placed in service
- 2007
Shady Bend Villas
Scattered Addresses, Grand Island, NE 68801
14 3BR, 6 4BR
- Apartments
- 20
- Income-restricted
- 20
- Placed in service
- 2015
Silverwood Apts
716 W Stolley Park Rd, Grand Island, NE 68801
20 4BR
- Apartments
- 20
- Income-restricted
- 20
- Placed in service
- 1997
Southlawn Apts II
1830 Ada St, Grand Island, NE 68803
16 2BR
- Apartments
- 16
- Income-restricted
- 7
- Placed in service
- 1999
Southlawn Apts III
1764 Ada St, Grand Island, NE 68803
20 2BR
- Apartments
- 20
- Income-restricted
- 20
- Placed in service
- 2001
Southlawn IV
1715-1829 Ada Street, Grand Island, NE 68803
HUD lists it as senior housing · 36 2BR
- Apartments
- 36
- Income-restricted
- 36
- Placed in service
- 2022
State Street Villas
Scattered Addresses, Grand Island, NE 68801
HUD lists it as senior housing · 18 2BR
- Apartments
- 18
- Income-restricted
- 17
- Placed in service
- 2024
Stonewood Townhomes
1128 Stonewood Ave, Grand Island, NE 68803
HUD lists it as senior housing · 20 2BR, 4 3BR
- Apartments
- 24
- Income-restricted
- 24
- Placed in service
- 2012
Stonewood Townhomes II
838 Stonewood Ave, Grand Island, NE 68803
HUD lists it as senior housing · 24 2BR, 6 3BR
- Apartments
- 30
- Income-restricted
- 30
- Placed in service
- 2013
The Row Orchard
1404-1752 Peach, Grand Island, NE 68801
19 3BR
- Apartments
- 19
- Income-restricted
- 19
- Placed in service
- 2022
Victory Place
2325 North Broadwell, Grand Island, NE 68803
21 1BR, 6 2BR
- Apartments
- 26
- Income-restricted
- 26
- Placed in service
- 2016
Walnut Housing
504 N Elm St, Grand Island, NE 68801
23 studio, 21 1BR, 44 2BR
- Apartments
- 88
- Income-restricted
- 87
- Placed in service
- 2005
Westridge Crown
828 Ridgewood Ave, Grand Island, NE 68803
- Apartments
- 12
- Income-restricted
- 12
- Placed in service
- 2011
Windridge Townhomes
812 Windridge Ave, Grand Island, NE 68803
- Apartments
- 40
- Income-restricted
- 40
- Placed in service
- 2007
Windridge Townhomes II
945 Windridge Ave, Grand Island, NE 68803
HUD lists it as senior housing · 18 2BR
- Apartments
- 18
- Income-restricted
- 18
- Placed in service
- 2009
Woodland Park Townhomes
4195 New York Ave, Grand Island, NE 68803
- Apartments
- 28
- Income-restricted
- 28
- Placed in service
- 2008
Woodland Park Townhomes II
4168 New York Ave, Grand Island, NE 68803
HUD lists it as senior housing · 18 2BR, 8 3BR
- Apartments
- 26
- Income-restricted
- 26
- Placed in service
- 2010
Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024). Properties a state agency has flagged as no longer monitored are left out; properties placed in service after 2024 are not in HUD's database yet.
How tax credit apartments work
Each income-restricted unit has a maximum rent set from the area's income limits: gross rent, including a utility allowance for tenant-paid utilities, can't go above 30% of the income limit for the unit's size. The rent doesn't change with your own income, so a household near the bottom of the range pays the same rent as one near the top. That's different from public housing or a voucher, where you pay a share of what you earn.
To qualify, your household's income has to be at or under the limit the unit is set at, usually 50% or 60% of the area median, and up to 80% in some buildings. Management checks income, and assets, when you apply. A household made up entirely of full-time students generally can't qualify, with exceptions in IRC 42(i)(3)(D) such as single parents and married students filing jointly. More on qualifying.
You can apply with a Housing Choice voucher, and the property can't turn you down because you have one.