ABOUT NEX SENIORDiscover NEX Senior Living Apartments, Fargo’s newest 55+ senior independent living community, conveniently located just south of West Acres Shopping Mall. Featuring thoughtfully designed 1- and 2-bedroom apartment homes, NEX will offer a modern and comfortable living experience.
What to Expect: While details are still being finalized, NEX Senior Living Apartments will combine a prime location with practical amenities, making it an ideal choice for senior living in Fargo. Stay close to shopping, dining, and entertainment while enjoying the convenience of nearby healthcare services and other community resources. Stay Updated: This page will be regularly updated as new information becomes available. While NEX Senior Living Apartments is not yet leasing, we encourage you to check back often for updates on floor plans, amenities, and leasing availability. We look forward to sharing more about this exciting new community soon! Disclaimer: The information provided on this page is for informational purposes only and is subject to change. Updates will be made as new details become available. Please check back regularly for the latest information. |
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INCOME GUIDELINES
Understanding Income Restrictions for Our Property
Our property is part of the Low-Income Housing Tax Credit (LIHTC) program and also benefits from Low-Home funds. These programs help us provide affordable housing to those who qualify based on their income.
What is LIHTC?
The Low-Income Housing Tax Credit (LIHTC) program is a federal initiative that encourages the development of affordable rental housing for low-income households. To qualify for a LIHTC unit, your household income must be below certain limits, which are determined by the number of people in your household.
What are Low-Home Funds?
Low-Home funds are another source of financial assistance that helps us offer affordable housing. Similar to LIHTC, these funds come with income restrictions to ensure that the housing is available to those who need it most.
Why Do These Restrictions Matter?
These income restrictions ensure that our affordable housing units are rented to households that truly need them. By adhering to these guidelines, we can provide quality housing at a lower cost to eligible families and individuals.
Income Limits
Below, you'll find the maximum income limits for our property. If your household income falls below these limits, you may qualify for one of our affordable units.
Our property is part of the Low-Income Housing Tax Credit (LIHTC) program and also benefits from Low-Home funds. These programs help us provide affordable housing to those who qualify based on their income.
What is LIHTC?
The Low-Income Housing Tax Credit (LIHTC) program is a federal initiative that encourages the development of affordable rental housing for low-income households. To qualify for a LIHTC unit, your household income must be below certain limits, which are determined by the number of people in your household.
What are Low-Home Funds?
Low-Home funds are another source of financial assistance that helps us offer affordable housing. Similar to LIHTC, these funds come with income restrictions to ensure that the housing is available to those who need it most.
Why Do These Restrictions Matter?
These income restrictions ensure that our affordable housing units are rented to households that truly need them. By adhering to these guidelines, we can provide quality housing at a lower cost to eligible families and individuals.
Income Limits
Below, you'll find the maximum income limits for our property. If your household income falls below these limits, you may qualify for one of our affordable units.
Household Size |
30% Maximum Income |
40% Maximum Income |
50% Maximum Income |
80% Maximum Income |
1 Person |
$22,260 |
$29,680 |
$37,100 |
$59,360 |
2 People |
$25,440 |
$33,920 |
$42,400 |
$67,840 |
3 People |
$28,620 |
$38,160 |
$47,700 |
$76,320 |
4 People |
$31,770 |
$42,360 |
$52,950 |
$84,720 |
DEPOSIT & APPLICATION INFORMATION
Deposit: $500
Application Fee: $40/Adult
Application Fee: $40/Adult
UTILITIES
Included Utilities
- Water
- Sewer
- Garbage
AMENITIES/FEATURES
NOTE: The listed amenities are based on current plans and may change.
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FLOORPLANS
NOTE: The listed floorplans are based on current plans and may change.
1 Bedroom - "Type A"
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1 Bedroom - "Type B"
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2 Bedroom - "Type A"
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2 Bedroom - "Type B"
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PRICING & AVAILABILITY
Please note that we are not yet leasing, but we anticipate starting the leasing process the last week of March 2025.
LOCATION
1728 42nd St S, Fargo, ND 58103
