Clear Spring Apartment
2545 And 2555 Clear Spring Road, Spearfish, SD 57783
20 2BR, 15 3BR
- Apartments
- 35
- Income-restricted
- 27
- Placed in service
- 2019
South Dakota
Tax credit apartments in Spearfish, SD
HUD's database lists 7 properties in Spearfish built or rehabbed with low-income housing tax credits: 222 apartments, 205 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 Listings come from HUD's database and may be out of date.
Golden Manor
620 N 11th St, Spearfish, SD 57783
14 1BR, 8 2BR
- Apartments
- 22
- Income-restricted
- 22
- Placed in service
- 2004
Hillside Apts
3320 Seventh Ave, Spearfish, SD 57783
- Apartments
- 16
- Income-restricted
- 16
- Placed in service
- 1993
Peak View Apartments
2750 Paramount Drive, Spearfish, SD 57783
9 1BR, 23 2BR
- Apartments
- 32
- Income-restricted
- 30
- Placed in service
- 2024
Pennbrook Apartments
880 South 34th Street, Spearfish, SD 57783
12 1BR, 34 2BR, 16 3BR
- Apartments
- 62
- Income-restricted
- 55
- Placed in service
- 2023
Rocky Bluff Apts
2437 Clear Spring Rd, Spearfish, SD 57783
16 2BR, 15 3BR
- Apartments
- 31
- Income-restricted
- 31
- Placed in service
- 2013
Rolling Hills Apts
721 S 34th St, Spearfish, SD 57783
- Apartments
- 24
- Income-restricted
- 24
- Placed in service
- 1994
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.