About This Property
Prospect Village is a multifamily affordable housing community in Omaha, Nebraska that was placed in service in 2016. The property contains 30 units funded through the 9% Low Income Housing Tax Credit program, with a unit mix of ten 3-bedroom and twenty 4-bedroom apartments. For more information about residency requirements and availability, interested parties may contact the property management office.
Waitlist Information
Waitlist managed by Omaha Housing Authority
Effective 1.1.2025, the waiting list will only be open for one-bedroom apartments to seniors 62 years of age and older. Applications are placed on the waiting list in date/time order, with preference points potentially moving applications higher.
1,500 will be selected for the 2023 lottery. Applications are taken when the list opens, announced in local newspapers and on OHA's website.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Douglas County, NE
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $895 |
| 1 Bedroom | $971 |
| 2 Bedroom | $1,170 |
| 3 Bedroom | $1,562 |
| 4 Bedroom | $1,733 |
Income Limits - Douglas County, NE
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,450
- Very Low (50%)
- $30,750
- Low (80%)
- $49,200
- Extremely Low (30%)
- $21,100
- Very Low (50%)
- $35,150
- Low (80%)
- $56,200
- Extremely Low (30%)
- $23,750
- Very Low (50%)
- $39,550
- Low (80%)
- $63,250
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $43,900
- Low (80%)
- $70,250
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $47,450
- Low (80%)
- $75,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $50,950
- Low (80%)
- $81,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $54,450
- Low (80%)
- $87,150
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $57,950
- Low (80%)
- $92,750
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,450 | $30,750 | $49,200 |
| 2 Persons | $21,100 | $35,150 | $56,200 |
| 3 Persons | $23,750 | $39,550 | $63,250 |
| 4 Persons | $26,500 | $43,900 | $70,250 |
| 5 Persons | $31,040 | $47,450 | $75,900 |
| 6 Persons | $35,580 | $50,950 | $81,500 |
| 7 Persons | $40,120 | $54,450 | $87,150 |
| 8 Persons | $44,660 | $57,950 | $92,750 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Omaha, NE?+
The Fair Market Rent (FMR) for Douglas County, NE is: $895 (Studio), $971 (1BR), $1170 (2BR), $1562 (3BR), $1733 (4BR). Actual rent at subsidized properties like Prospect Village is typically 30% of household income or less.
What size apartments are available at Prospect Village?+
Prospect Village offers the following unit types: 10 Three-Bedroom, 20 Four-Bedroom units.
Who is eligible to live at Prospect Village?+
Prospect Village primarily serves Special Needs. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Prospect Village?+
Prospect Village is managed by . You can reach them at .
Is there a waitlist for Prospect Village?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What are the income limits for affordable housing in Douglas County, NE?+
For a 4-person household in Douglas County, NE, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $43,900, Low Income (80% AMI): $70,250. These limits are set by HUD and updated annually.
What is the price range for apartments in Omaha, NE?+
Based on Fair Market Rent for Douglas County, the estimated price range is: 3-bedroom: $1562. Actual rent at Prospect Village may be lower for income-eligible households.
How do I apply for housing at Prospect Village?+
Prospect Village is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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