Affordable Housing In Cass County
Iowa

8 Low Income Apartment Communities In Cass County

Regency Villa Apartments

1601 Redwood Dr
Atlantic, IA
HCV Welcome
Market Rate

Royal Oak II Apartments

501 E 5th St
Atlantic, IA
Subsidized

Valley View Apartments

1004 E 8th St
Atlantic, IA

Midtown Apartments Phase II

1209 E 8th St
Atlantic, IA
Subsidized

Lewis Senior Citizens 019

109 Main St
Lewis, IA

Lewis Senior Citizens 032

301 Webster St
Lewis, IA

Atlantic Sundance Apartments

1406 E 22nd St
Atlantic, IA
HCV Welcome

Cass Incorporated - 2307 South Olive

2307 Olive St
Atlantic, IA
HCV Welcome
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There are 8 low income housing apartment complexes which contain 265 affordable apartments for rent in Cass County. Many of these rental apartments are income based housing with 65 apartments that set rent based on your income. In Cass County, HUD housing programs support 65 rental assistance apartments through programs like Project-based Section 8. There are 200 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Cass County

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

Guide To Affordable Housing in Cass County, Iowa

Cass County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 265
Total Rent Assisted Apartments 65
Percentage of Housing Units Occupied By Renters 28.83%
Average Renter Household Size 2.05
Total Population 13,590
Housing Units 6,080
Average Household Size 2.18
Median Household Income $43,750 ±$2,378
Median Rent $569 ±$29
Percentage Of Renters Overburdened 37.31% ± 7.72pp

Population and Household Demographics

Cass County is a County in Iowa with a population of 13,590. There are 6,080 households in the county with an average household size of 2.18 persons. 28.83% of households in Cass County are renters.

Income and Rent Overburden in Cass County

The median gross income for households in Cass County is $43,750 a year, or $3,646 a month. The median rent for the county is $569 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cass County, a household making less than $1,897 a month would be considered overburdened when renting an apartment at or above the median rent. 37.31% of households who rent are overburdened in Cass County.1

Area Median Income In Cass 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 Cass County, HUD calculates the Area Median Income for a family of four as $57,400

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 Cass 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 Cass County HUD Rental Assistance in Cass 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 Cass County

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

From 1998 to 1998, 1 low income apartment communities containing 32 rental apartments have been constructed and made affordable to low income persons in Cass 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 Cass 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 Cass 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 Cass 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
$481 $580 $664 $862 $904

Cities In Cass County

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

City Listings Served By
Atlantic 6 The HUD funded Public Housing Agency that serves Atlantic is the Southern Iowa Regional Housing Authority.
Lewis 2 The HUD funded Public Housing Agency that serves Lewis is the Southern Iowa Regional Housing Authority.
Anita 0 The HUD funded Public Housing Agency that serves Anita is the Southern Iowa Regional Housing Authority.
Massena 0 The HUD funded Public Housing Agency that serves Massena is the Southern Iowa Regional Housing Authority.
Griswold 0 The HUD funded Public Housing Agency that serves Griswold is the Southern Iowa Regional Housing Authority.
Marne 0 The HUD funded Public Housing Agency that serves Marne is the Southern Iowa Regional Housing Authority.
Wiota 0 The HUD funded Public Housing Agency that serves Wiota is the Southern Iowa Regional Housing Authority.
Cumberland 0 The HUD funded Public Housing Agency that serves Cumberland is the Southern Iowa Regional Housing Authority.