Affordable Housing In Black Hawk County
Iowa

36 Low Income Apartment Communities In Black Hawk County

Cedar Square

1811 W 8th St
Cedar Falls, IA
Income Based
2-3 BR
Subsidized

Greenridge Family Apartments

1650 Camelot Dr
Waterloo, IA
Income Based
2 BR
Subsidized

Crossroads Square

1820 E Ridgeway Ave
Waterloo, IA
Income Based
1 BR
Subsidized

Camelot Apartments

1650 Camelot Dr
Waterloo, IA
Income Based
1 BR
Subsidized

Horizon Towers

2724 Bicentennial Dr
Cedar Falls, IA
Income Based
1 BR
Subsidized

Russell Lamson

209 W 5th St
Waterloo, IA
Call For Rent
Studio-3 BR
HCV Welcome

Thunder Ridge

2206 Thunder Ridge Blvd
Cedar Falls, IA
Income Based
1-2 BR

Cedar River Towers

106 E 3rd Street
Waterloo, IA
Income Based
1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Legacy Manor of Waterloo

1050 Flammang Dr
Waterloo, IA
55+
HCV Welcome

Mt Village II Apartments

540 W Louise St
Waterloo, IA
62+
Accessible
Elderly Supportive Housing
Subsidized

There are 36 low income housing apartment complexes which contain 1,673 affordable apartments for rent in Black Hawk County. Many of these rental apartments are income based housing with 922 apartments that set rent based on your income. In Black Hawk County, HUD housing programs support 635 rental assistance apartments through programs like Project-based Section 8. There are 709 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Other Housing Authorities located in Black Hawk County

Housing Authority Programs
Evansdale Municipal Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Waterloo Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Housing Authority of the City of Cedar Falls Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Black Hawk County, Iowa

Black Hawk County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 36
Total Low Income Apartments 1,673
Total Rent Assisted Apartments 922
Percentage of Housing Units Occupied By Renters 32.54%
Average Renter Household Size 2.28
Total Population 132,496
Housing Units 52,410
Average Household Size 2.42
Median Household Income $48,369 ±$1,415
Median Rent $700 ±$12
Percentage Of Renters Overburdened 48.15% ± 2.75pp

Population and Household Demographics

Black Hawk County is a County in Iowa with a population of 132,496. There are 52,410 households in the county with an average household size of 2.42 persons. 32.54% of households in Black Hawk County are renters.

Income and Rent Overburden in Black Hawk County

The median gross income for households in Black Hawk County is $48,369 a year, or $4,031 a month. The median rent for the county is $700 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Black Hawk County, a household making less than $2,333 a month would be considered overburdened when renting an apartment at or above the median rent. 48.15% of households who rent are overburdened in Black Hawk County.1

Area Median Income In Black Hawk 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 Black Hawk County, HUD calculates the Area Median Income for a family of four as $74,600

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 Black Hawk 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 Black Hawk County HUD Rental Assistance in Black Hawk County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,650 $17,900 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,100 $29,800 $33,550 $37,250 $40,250 $43,250 $46,200 $49,200
80% of Median $41,750 $47,700 $53,650 $59,600 $64,400 $69,150 $73,950 $78,700
Low Income Housing Tax Credits in Black Hawk County

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

From 1990 to 2012, 15 low income apartment communities containing 760 rental apartments have been constructed and made affordable to low income persons in Black Hawk 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 Black Hawk County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $26,100 $29,800 $33,550 $37,250 $40,250 $43,250 $46,200 $49,200
60% of Median $31,320 $35,760 $40,260 $44,700 $48,300 $51,900 $55,440 $59,040

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 Black Hawk County is $40,260 a year, or $3,355 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,355 by 30% to get a maximum rent of $1,007 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% $653 $699 $839 $969 $1,081 $1,193
60% $783 $839 $1,007 $1,163 $1,298 $1,431
Fair Market Rents in Black Hawk 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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$554 $662 $836 $1,087 $1,355

Cities In Black Hawk County

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

City Listings Served By
Waterloo 24 The HUD funded Public Housing Agency that serves Waterloo is the Waterloo Housing Authority.
Dunkerton 0
Evansdale 4 The HUD funded Public Housing Agency that serves Evansdale is the Evansdale Municipal Housing Authority.
Cedar Falls 6 The HUD funded Public Housing Agency that serves Cedar Falls is the Housing Authority of the City of Cedar Falls.
Jesup 1
Janesville 0
Gilbertville 0
Hudson 1
La Porte City 0
Elk Run Heights 0
Washburn 0
Raymond 0