Affordable Housing In Decatur County
Iowa

5 Low Income Apartment Communities In Decatur County

Echo

302 NE 8th St
Leon, IA
62+
Accessible
Elderly Supportive Housing
Subsidized

Lamoni Assisted Living

810 E 3rd St
Lamoni, IA
HCV Welcome

Leon

401 SE Q St
Leon, IA

Grand River Housing

225 E 3rd St
Grand River, IA

Valley View Apartments

1006 SW 11th St
Leon, IA
Subsidized
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There are 5 low income housing apartment complexes which contain 92 affordable apartments for rent in Decatur County. Many of these rental apartments are income based housing with 76 apartments that set rent based on your income. In Decatur County, HUD housing programs support 24 rental assistance apartments through programs like Project-based Section 8. There are 16 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Decatur County

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

Other Housing Authorities located in Decatur County

Housing Authority Programs
Low Rent Housing Agency of Leon Public Housing

Guide To Affordable Housing in Decatur County, Iowa

Decatur County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 92
Total Rent Assisted Apartments 76
Percentage of Housing Units Occupied By Renters 32.95%
Average Renter Household Size 2.18
Total Population 8,249
Housing Units 3,144
Average Household Size 2.38
Median Household Income $38,560 ±$2,684
Median Rent $462 ±$43
Percentage Of Renters Overburdened 36.68% ± 6.47pp

Population and Household Demographics

Decatur County is a County in Iowa with a population of 8,249. There are 3,144 households in the county with an average household size of 2.38 persons. 32.95% of households in Decatur County are renters.

Income and Rent Overburden in Decatur County

The median gross income for households in Decatur County is $38,560 a year, or $3,213 a month. The median rent for the county is $462 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Decatur County, a household making less than $1,540 a month would be considered overburdened when renting an apartment at or above the median rent. 36.68% of households who rent are overburdened in Decatur County.1

Area Median Income In Decatur 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 Decatur County, HUD calculates the Area Median Income for a family of four as $53,200

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 Decatur 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 Decatur County HUD Rental Assistance in Decatur 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 Decatur County

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

From 2007 to 2007, 1 low income apartment communities containing 7 rental apartments have been constructed and made affordable to low income persons in Decatur 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 Decatur 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 Decatur 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 Decatur 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
$499 $503 $664 $844 $1,061

Cities In Decatur County

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

City Listings Served By
Lamoni 1 The HUD funded Public Housing Agency that serves Lamoni is the Southern Iowa Regional Housing Authority.
Leon 3 The HUD funded Public Housing Agencies that serve Leon are the Low Rent Housing Agency of Leon and Southern Iowa Regional Housing Authority.
Grand River 1 The HUD funded Public Housing Agency that serves Grand River is the Southern Iowa Regional Housing Authority.
Garden Grove 0 The HUD funded Public Housing Agency that serves Garden Grove is the Southern Iowa Regional Housing Authority.
Davis City 0 The HUD funded Public Housing Agency that serves Davis City is the Southern Iowa Regional Housing Authority.
Weldon 0 The HUD funded Public Housing Agency that serves Weldon is the Southern Iowa Regional Housing Authority.
Decatur City 0 The HUD funded Public Housing Agency that serves Decatur City is the Southern Iowa Regional Housing Authority.
Le Roy 0 The HUD funded Public Housing Agency that serves Le Roy is the Southern Iowa Regional Housing Authority.
Pleasanton 0 The HUD funded Public Housing Agency that serves Pleasanton is the Southern Iowa Regional Housing Authority.
Van Wert 0 The HUD funded Public Housing Agency that serves Van Wert is the Southern Iowa Regional Housing Authority.