2724 Bicentennial Dr, Cedar Falls, IA 50613
Waiting List Forecast: Likely Long or Closed
Verified for 2019 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 1 Bath | - |
Since this property may have a Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Horizon Towers is an income based Senior Citizen/Handicapped + 18/Disabled property +18. This community has a lovely community area that is perfect for coffee with your neighbors or can be reserved at no charge for parties. Located on Bicentennial Drive, the location is perfect for all your shopping needs. Horizon Towers has controlled access with power assist doors for your convenience.
Since Horizon Towers participates in the Section 8 Project-Based Rental Assistance program, your rent would be subsidized. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. Since this property participates in the Section 8 Project Based Rental Assistance program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | - | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $18,450 / year | $21,100 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $30,750 / year | $35,150 / year | $39,550 / year | $43,900 / year | $47,450 / year | $50,950 / year | $54,450 / year | $57,950 / year |
| 50% AMI for PBRA Units | $30,750 / year | $35,150 / year | $39,550 / year | $43,900 / year | $47,450 / year | $50,950 / year | $54,450 / year | $57,950 / year |
| 80% AMI for PBRA Units | $49,150 / year | $56,200 / year | $63,200 / year | $70,200 / year | $75,850 / year | $81,450 / year | $87,050 / year | $92,700 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Horizon Towers have a waiting list?
Horizon Towers probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Horizon Towers?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Horizon Towers?
Horizon Towers is managed by Paramark Real Estate Services headquartered in Rochester, Minnesota .
In addition to Horizon Towers, how many other affordable housing properties (and units) are there in Cedar Falls?
In addition to Horizon Towers, we list 5 other affordable properties in Cedar Falls. Learn about these properties here. Our data research shows that there are a total of 318 affordable units in Cedar Falls.
1207 Maplewood Dr, Cedar Falls, Iowa 50613
Preferences must be verified by documents.
Have documentation ready that shows you qualify for a waiting list's preferences.Diane Johnson says:
"The housing information on Affordable Housing Online is comprehensive, timely and user friendly. I appreciate all the diligent research that goes into collecting and sharing this vital information. Thanks for your commitment to excellence."