Affordable Housing In Delaware County
Iowa

8 Low Income Apartment Communities In Delaware County

Nottingham Apartments

305 Maples St
Earlville, IA
Income Based
1 BR
62+
Subsidized

Summit Village Apartments

1020 8th Avenue SE
Dyersville, IA
Income Based
1-2 BR

Countryside Village of Manchester

500 Line St
Manchester, IA
HCV Welcome
Subsidized

Bellevue Miles Sabula

912 E Main St
Manchester, IA

Manchester Park I and 3 Keyway Mgmt Co.

100 Ludland Dr
Manchester, IA

Dyersville Park Apartments

1101 8th St SE
Dyersville, IA
HCV Welcome

105 Ludland Dr

105 Ludland Dr
Manchester, IA
HCV Welcome

Manchester Park Apartments

108 Ludland Dr
Manchester, IA
Subsidized
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Housing Authorities that serve Delaware County

Housing Authority Programs
Eastern Iowa Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-sufficiency

Guide To Affordable Housing in Delaware County, Iowa

There are 8 low income housing apartment communities offering 313 affordable apartments for rent in Delaware County, Iowa. Delaware County features 217 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 96 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Delaware County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Delaware County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 313
Total Housing Units with Rental Assistance 217
Percentage of Housing Units Occupied By Renters 19.99%
Average Renter Household Size 2.10
Average Household Size 2.48
Median Household Income $58,274 ±$2,430
Median Rent $602 ±$63
Percentage Of Renters Overburdened 31.42% ± 8.27pp
Total Population 17,507

Population and Household Demographics

Delaware County is a County in Iowa with a population of 17,507. There are 6,973 households in the county with an average household size of 2.48 persons. 19.99% of households in Delaware County are renters.

Income and Rent Overburden in Delaware County

The median gross income for households in Delaware County is $58,274 a year, or $4,856 a month. The median rent for the county is $602 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Delaware County, a household making less than $2,007 a month would be considered overburdened when renting an apartment at or above the median rent. 31.42% of households who rent are overburdened in Delaware County.1

Area Median Income In Delaware 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 Delaware County, HUD calculates the Area Median Income for a family of four as $75,900

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 Delaware 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 Delaware County HUD Rental Assistance in Delaware County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,950 $18,200 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,600 $30,400 $34,200 $37,950 $41,000 $44,050 $47,100 $50,100
80% of Median $42,500 $48,600 $54,650 $60,700 $65,600 $70,450 $75,300 $80,150
Low Income Housing Tax Credits in Delaware 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 1997, 4 low income apartment communities containing 56 rental apartments have been constructed and made affordable to low income persons in Delaware 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 Delaware County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $26,600 $30,400 $34,200 $37,950 $41,000 $44,050 $47,100 $50,100
60% of Median $31,920 $36,480 $41,040 $45,540 $49,200 $52,860 $56,520 $60,120

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 Delaware County is $41,040 a year, or $3,420 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,420 by 30% to get a maximum rent of $1,026 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% $665 $713 $855 $987 $1,101 $1,215
60% $798 $855 $1,026 $1,184 $1,322 $1,458
Fair Market Rents in Delaware 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 $991 $1,171

Cities In Delaware County

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

City Listings Served By
Manchester 5 The HUD funded Public Housing Agency that serves Manchester is the Eastern Iowa Regional Housing Authority.
Dundee 0 The HUD funded Public Housing Agency that serves Dundee is the Eastern Iowa Regional Housing Authority.
Hopkinton 0 The HUD funded Public Housing Agency that serves Hopkinton is the Eastern Iowa Regional Housing Authority.
Earlville 1 The HUD funded Public Housing Agency that serves Earlville is the Eastern Iowa Regional Housing Authority.
Dyersville 2 The HUD funded Public Housing Agency that serves Dyersville is the Eastern Iowa Regional Housing Authority.
Colesburg 0 The HUD funded Public Housing Agency that serves Colesburg is the Eastern Iowa Regional Housing Authority.
Greeley 0 The HUD funded Public Housing Agency that serves Greeley is the Eastern Iowa Regional Housing Authority.
Masonville 0 The HUD funded Public Housing Agency that serves Masonville is the Eastern Iowa Regional Housing Authority.
Ryan 0 The HUD funded Public Housing Agency that serves Ryan is the Eastern Iowa Regional Housing Authority.
Delaware 0 The HUD funded Public Housing Agency that serves Delaware is the Eastern Iowa Regional Housing Authority.
Delhi 0 The HUD funded Public Housing Agency that serves Delhi is the Eastern Iowa Regional Housing Authority.