Cornerstone Apts LIHTCPB Section 8 Rapid City, SD

Profile last updated · Data vintage: HUD LIHTC 2024

Cornerstone Apts is a Low-Income Housing Tax Credit (LIHTC) community in Rapid City, SD with 24 units. Rents are set relative to household income.

24
total units
occupancy
avg resident rent
reported wait

Resident & program facts (HUD-reported)

Program(s)Low-Income Housing Tax Credit (LIHTC), Project-Based Section 8
Address1220 E Blvd, Rapid City, SD 57701 Map →
Tax-credit (LI) units24
Placed in service2008

How to apply at Cornerstone Apts

LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.

  1. Call or visit the management office at 1220 E Blvd, Rapid City; ask if the waitlist is open and request an application.
  2. Gather ID, Social Security cards, birth certificates, and proof of all income. Applications are always free.
  3. Claim eligible preferences (homelessness, veteran, local residency) with documentation.
  4. Respond fast to interview letters; verify rent expectations against your budget.

Other subsidized housing in Rapid City

Nearby subsidized housing (within ~10 km)

PropertyLocationDistance
Sundial Square Apts Ii LIHTCRapid City0.8 km
Sundial Square Apts I LIHTCRapid City0.8 km
Memorial Park Apts LIHTCRapid City1.1 km
Denver Terrace Apts PB Section 8Rapid City1.1 km
Estes Park LIHTCRapid City1.4 km
The Radiant LIHTCRapid City1.7 km
St. Cloud Apts PB Section 8Rapid City2 km
Rapid Creek Apts LIHTCPB Section 8Rapid City2.4 km

← All subsidized housing in Rapid City

Frequently asked questions

What kind of subsidy does Cornerstone Apts have?
Low-Income Housing Tax Credit (LIHTC); Project-Based Section 8. LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.
How much is rent at Cornerstone Apts?
Rents are income-based: expect to pay roughly 30% of adjusted monthly household income under the building's federal program.
How do I apply at Cornerstone Apts?
Contact the management office at 1220 E Blvd in Rapid City. Ask whether the waitlist is open, request an application, and claim any preferences you qualify for. There is never a fee to apply for HUD-subsidized housing.

Figures from HUD's Picture of Subsidized Households (FY2025) and/or LIHTC database (2024); administrative averages that may lag current conditions. Equal Housing Opportunity. This site is not affiliated with HUD or the property owner.