Colony Acres — Income-Restricted Housing in Gibbon, NE 68840
413 1st St, Gibbon, NE 68840
40 units · 1–2 BR
- Apply through Gibbon Housing Agency
- Residents waited about 8 months to move in (HUD, Oct 2026)
Housing authority: (308) 234-3000Directions
How to apply
- Apply through Gibbon Housing Agency. They run this development and take applications.
- Call the housing authority at (308) 234-3000.
- These records do not show openings — call to confirm vacancies and waiting lists.
At this building
- Bedrooms (estimated)
- 38 1 bedroom · 2 2 bedrooms
- Average tenant rent
- $387/mo
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Nearby income-restricted buildings
Shelton Pioneer Apts
306 C St, Shelton, NE 68876
5.9 mi away
19 units · 1–2 BR
- Apply through Shelton Housing Authority
- Residents waited about 4 months to move in (HUD, Oct 2026)
St. Lukes Countryside Villa
2300 E 32nd St, Kearney, NE 68847
11.4 mi away
22 units · 21 income-restricted · 1 BR
Stoneridge Apts
716 E 56th St, Kearney, NE 68847
12.3 mi away
104 units · 94 income-restricted · 1–3 BR
Kearney Manor and Scattered Sites
2715 Avenue I, Kearney, NE 68847
12.5 mi away
172 units · 1–3 BR
- Apply through Kearney Housing Agency
- Residents waited about 17 months to move in (HUD, Oct 2026)
Rents and income limits in 68840
- Fair market rent, 2 bedrooms
- $1,060/mo
- Income needed to pay it at 30% of income
- $42,400/yr
- Renters in 68840 paying 30% or more of income on rent
- 28%
Income limits (2026)
Buffalo County, NE area · median family income $105,800. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $22,250 | $37,050 | $59,300 |
| 2 | $25,400 | $42,350 | $67,750 |
| 3 | $28,600 | $47,650 | $76,200 |
| 4 | $33,000 | $52,900 | $84,650 |
| 5 | $38,680 | $57,150 | $91,450 |
| 6 | $44,360 | $61,400 | $98,200 |
| 7 | $50,040 | $65,600 | $105,000 |
| 8 | $55,720 | $69,850 | $111,750 |
Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.
Fair market rents (2027)
HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.
| Size | 68840 | Wider area |
|---|---|---|
| Studio | $870 | $899 |
| 1 bedroom | $870 | $904 |
| 2 bedrooms | $1,060 | $1,097 |
| 3 bedrooms | $1,380 | $1,432 |
| 4 bedrooms | $1,770 | $1,834 |
Wider area = Buffalo County, NE. Two-bedroom fair market rents in 4 nearby ZIPs range from $1,060 (68849) to $1,180 (68876).
Census figures for 68840 (2020–2024 average): median rent $848. Median household income $76,394. 26% of homes are rented. 28% of renters pay 30% or more of their income on rent, and 10% pay half or more.
Census median rent is what renters here actually pay, including long-term leases. Fair market rent is HUD's estimate for a modest apartment available now.
Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures); U.S. Census Bureau American Community Survey 5-year 2020–2024. Each program and building can set its own limits — confirm with the property.
Estimate your Section 8 rent share
Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 68840's fair market rent.
Estimate your Section 8 rent share for 68840Frequently Asked Questions
How do I apply to Colony Acres?
Apply through Gibbon Housing Agency, which runs Colony Acres. Call (308) 234-3000. Do not treat a walk-up at the building as the application. These records do not show openings.
Is Colony Acres Section 8 housing?
Colony Acres is public housing, not a project-based Section 8 contract. Apply with the housing authority. A Housing Choice Voucher is a separate program.
How many units are at Colony Acres?
Public records list 40 units at Colony Acres in Gibbon, NE 68840. That is a building size, not a count of open apartments.
Are there other affordable apartments near Colony Acres?
Yes — this page lists other income-restricted buildings in 68840 and nearby ZIP codes. Open a nearby card for the address and phone. Lists still do not show vacancies.
People Also Ask
How do I get into Colony Acres?
Call the number on this page and ask about the waiting list or how to apply at Colony Acres in Gibbon, NE 68840. Public housing is through the housing authority. Bring ID and income documents when they tell you to. This site cannot submit an application for you.
How do I qualify for affordable housing in Gibbon, NE 68840?
Most income-restricted buildings in Gibbon, NE 68840 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $37,050, and $52,900 for a 4-person household. Public housing can go up to 80% ($59,300 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.
What is the income limit for low-income housing in Gibbon, NE 68840?
For many programs in Gibbon, NE 68840, the 2026 HUD very low-income (50%) limit is $37,050 a year for 1 person and $52,900 for 4 people. The low-income (80%) limit is $59,300 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.
How much rent do you pay for low-income housing in Gibbon, NE 68840?
In public housing and most Section 8 in Gibbon, NE 68840, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Gibbon, NE 68840 is $1,060 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.
Does Colony Acres take Section 8 vouchers?
This file does not say that Colony Acres has a project-based Section 8 contract. Some landlords in Gibbon, NE 68840 accept Housing Choice Vouchers; you have to ask. Apply for a voucher with the housing authority, then call Colony Acres.
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; HUD Public Housing Developments, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying. Report a correction.