Affordable Housing In Adams County
Iowa

15 Low Income Apartment Communities In Adams County

Sheldon Independent Living

524 Oak St
Sheldon, IA
62+
Accessible
Elderly Supportive Housing
Subsidized

East Oak Apartments

1701 Oak St
Sheldon, IA
Subsidized

Autumn Park Apartments ~ Sheldon

131 N Washington Ave
Sheldon, IA
Subsidized

Southern Iowa Housing, L.P.I.

S Loomis And Highway 34
Corning, IA
HCV Welcome

Iowa

502 506 4th St
Corning, IA
HCV Welcome

Prescott Community

600 5th Ave
Prescott, IA
Subsidized

Sheldon I. Limited Partne

1011 16th St
Sheldon, IA
HCV Welcome

Riverview Apartments

2236 Loomis Avenue Ext
Corning, IA
HCV Welcome

Westgate Housing

1125 Westgate Dr
Corning, IA

Heartland Apartments

140 N 7th Ave E
Hartley, IA
HCV Welcome

Housing Authorities that serve Adams County

Housing Authority Programs
Southern Iowa Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Other Housing Authorities located in Adams County

Housing Authority Programs
Corning Housing Commission Public Housing

Guide To Affordable Housing in Adams County, Iowa

There are 15 low income housing apartment communities offering 298 affordable apartments for rent in Adams County, Iowa. Adams County features 171 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 127 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Adams County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Adams County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 15
Total Low Income Apartments 298
Total Housing Units with Rental Assistance 171
Percentage of Housing Units Occupied By Renters 27.01%
Average Renter Household Size 2.07
Average Household Size 2.18
Median Household Income $48,043 ±$5,022
Median Rent $538 ±$175
Percentage Of Renters Overburdened 20.91% ± 7.49pp
Total Population 3,892

Population and Household Demographics

Adams County is a County in Iowa with a population of 3,892. There are 1,718 households in the county with an average household size of 2.18 persons. 27.01% of households in Adams County are renters.

Income and Rent Overburden in Adams County

The median gross income for households in Adams County is $48,043 a year, or $4,004 a month. The median rent for the county is $538 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Adams County, a household making less than $1,793 a month would be considered overburdened when renting an apartment at or above the median rent. 20.91% of households who rent are overburdened in Adams County.1

Area Median Income In Adams County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Adams County, HUD calculates the Area Median Income for a family of four as $65,000

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Adams County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Adams County HUD Rental Assistance in Adams County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,600 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
80% of Median $38,850 $44,400 $49,950 $55,500 $59,950 $64,400 $68,850 $73,300
Low Income Housing Tax Credits in Adams County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1988 to 1999, 6 low income apartment communities containing 97 rental apartments have been constructed and made affordable to low income persons in Adams County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Adams County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
60% of Median $29,160 $33,360 $37,500 $41,640 $45,000 $48,360 $51,660 $55,020

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Adams County is $37,500 a year, or $3,125 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,125 by 30% to get a maximum rent of $938 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $608 $651 $781 $903 $1,008 $1,111
60% $729 $782 $938 $1,083 $1,209 $1,334
Fair Market Rents in Adams County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$497 $522 $687 $962 $1,114

Cities In Adams County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Sheldon 5 The HUD funded Public Housing Agency that serves Sheldon is the Southern Iowa Regional Housing Authority.
Primghar 0 The HUD funded Public Housing Agency that serves Primghar is the Southern Iowa Regional Housing Authority.
Paullina 0 The HUD funded Public Housing Agency that serves Paullina is the Southern Iowa Regional Housing Authority.
Corning 4 The HUD funded Public Housing Agencies that serve Corning are the Corning Housing Commission and Southern Iowa Regional Housing Authority.
Lenox 2 The HUD funded Public Housing Agencies that serve Lenox are the Lenox Low Rent Housing Agency and Southern Iowa Regional Housing Authority.
Hartley 3 The HUD funded Public Housing Agency that serves Hartley is the Southern Iowa Regional Housing Authority.
Prescott 1 The HUD funded Public Housing Agency that serves Prescott is the Southern Iowa Regional Housing Authority.
Carbon 0 The HUD funded Public Housing Agency that serves Carbon is the Southern Iowa Regional Housing Authority.
Nodaway 0 The HUD funded Public Housing Agency that serves Nodaway is the Southern Iowa Regional Housing Authority.