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Affordable Housing In Glenwood
Mills County, Iowa

6 Low Income Apartment Communities In Glenwood

Hillside Village

280 Sivers Road
Glenwood, Iowa
Income Based
1-3 BR
Subsidized

Loess Hills Estates

711 Nuckolls St
Glenwood, Iowa
Subsidized
62+
Accessible
Elderly Supportive Housing

3 Points Lofts

510 Bluff Street
Glenwood, Iowa

Glenwood Heights Apartments

301 Ebaugh St
Glenwood, Iowa

Glenwood Housing 01 - 0

102 4th St
Glenwood, Iowa

Glenwood Housing 02 - 1

108 11th St
Glenwood, Iowa
Subsidized
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Housing Authorities that serve Glenwood

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

Guide To Affordable Housing in Glenwood, Iowa

There are 6 low income housing apartment communities offering 201 affordable apartments for rent in Glenwood, Iowa.

Income Based Apartments in Glenwood, Iowa

Glenwood features 116 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Glenwood, Iowa

There are 65 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Glenwood.

Housing Choice Vouchers in Glenwood, Iowa

On average, Section 8 Housing Choice vouchers pay Glenwood landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Glenwood.

The maximum amount a voucher would pay on behalf of a low-income tenant in Glenwood, Iowa for a two-bedroom apartment is between $851 and $1,041.

2020 Glenwood, Iowa Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $650 $762 $946 $1,272 $1,419
Payment Standard Range $585 to $715 $686 to $838 $851 to $1,041 $1,145 to $1,399 $1,277 to $1,561

Sourced from federal housing data and AffordableHousingOnline.com research.

Glenwood, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 201
Total Housing Units with Rental Assistance 116
Percentage of Housing Units Occupied By Renters 32.93%
Average Renter Household Size 2.34
Average Household Size 2.53
Median Household Income $53,229 ±$7,270
Median Rent $595 ±$79
Percentage Of Renters Overburdened 29.9% ± 12.62pp
Total Population 5,243

Population and Household Demographics

Glenwood is a city in Mills County, Iowa with a population of 5,243. There are 1,828 households in the city with an average household size of 2.53 persons. 32.93% of households in Glenwood are renters.

Income and Rent Overburden in Glenwood

The median gross income for households in Glenwood is $53,229 a year, or $4,436 a month. The median rent for the city is $595 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Glenwood, a household making less than $1,983 a month would be considered overburdened when renting an apartment at or above the median rent. 29.9% of households who rent are overburdened in Glenwood.

Area Median Income In Glenwood

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Glenwood, the AMI is calculated from all households within Mills County.

In Glenwood, HUD calculates the Area Median Income for a family of four as $87,000

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 Glenwood

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 HUD Rental Assistance in Glenwood

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,300 $20,900 $23,500 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $30,450 $34,800 $39,150 $43,500 $47,000 $50,500 $53,950 $57,450
80% of Median $48,750 $55,700 $62,650 $69,600 $75,200 $80,750 $86,350 $91,900