Affordable Housing In Guthrie County
Iowa

4 Low Income Apartment Communities In Guthrie County

Panora Assisted Living

807 E Main St
Panora, IA
HCV Welcome

Mid - Iowa Family

100 Olive Grove Ln
Bayard, IA
Subsidized

Panora Ret Homes

116 NW 5th St
Panora, IA

Menlo Devel Corp

4th & Sheridan
Menlo, IA
Subsidized
  • «
  • 1
  • »

There are 4 low income housing apartment complexes which contain 100 affordable apartments for rent in Guthrie County. Many of these rental apartments are income based housing with 47 apartments that set rent based on your income. In Guthrie County, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 53 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Guthrie County

Housing Authority Programs
Region XII Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Family Self-sufficiency

Guide To Affordable Housing in Guthrie County, Iowa

Guthrie County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 100
Total Rent Assisted Apartments 47
Percentage of Housing Units Occupied By Renters 19.49%
Average Renter Household Size 2.29
Total Population 10,740
Housing Units 4,514
Average Household Size 2.34
Median Household Income $51,013 ±$1,670
Median Rent $601 ±$36
Percentage Of Renters Overburdened 33.98% ± 5.39pp

Population and Household Demographics

Guthrie County is a County in Iowa with a population of 10,740. There are 4,514 households in the county with an average household size of 2.34 persons. 19.49% of households in Guthrie County are renters.

Income and Rent Overburden in Guthrie County

The median gross income for households in Guthrie County is $51,013 a year, or $4,251 a month. The median rent for the county is $601 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Guthrie County, a household making less than $2,003 a month would be considered overburdened when renting an apartment at or above the median rent. 33.98% of households who rent are overburdened in Guthrie County.1

Area Median Income In Guthrie 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 Guthrie County, HUD calculates the Area Median Income for a family of four as $88,000

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 Guthrie 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 Guthrie County HUD Rental Assistance in Guthrie County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,400 $21,000 $23,650 $26,250 $30,170 $34,590 $39,010 $43,430
50% of Median $30,650 $35,000 $39,400 $43,750 $47,250 $50,750 $54,250 $57,750
80% of Median $49,000 $56,000 $63,000 $70,000 $75,600 $81,200 $86,800 $92,400
Low Income Housing Tax Credits in Guthrie 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 10 rental apartments have been constructed and made affordable to low income persons in Guthrie 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 Guthrie County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $30,650 $35,000 $39,400 $43,750 $47,250 $50,750 $54,250 $57,750
60% of Median $36,780 $42,000 $47,280 $52,500 $56,700 $60,900 $65,100 $69,300

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 Guthrie County is $47,280 a year, or $3,940 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,940 by 30% to get a maximum rent of $1,182 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% $766 $821 $985 $1,138 $1,269 $1,400
60% $920 $985 $1,182 $1,365 $1,523 $1,680
Fair Market Rents in Guthrie 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
$614 $736 $910 $1,226 $1,357

Cities In Guthrie County

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

City Listings Served By
Bayard 1 The HUD funded Public Housing Agency that serves Bayard is the Region XII Regional Housing Authority.
Panora 2 The HUD funded Public Housing Agency that serves Panora is the Region XII Regional Housing Authority.
Menlo 1 The HUD funded Public Housing Agency that serves Menlo is the Region XII Regional Housing Authority.
Bagley 0 The HUD funded Public Housing Agency that serves Bagley is the Region XII Regional Housing Authority.
Diamondhead Lake 0 The HUD funded Public Housing Agency that serves Diamondhead Lake is the Region XII Regional Housing Authority.
Lake Panorama 0 The HUD funded Public Housing Agency that serves Lake Panorama is the Region XII Regional Housing Authority.
Yale 0 The HUD funded Public Housing Agency that serves Yale is the Region XII Regional Housing Authority.
Guthrie Center 0 The HUD funded Public Housing Agency that serves Guthrie Center is the Region XII Regional Housing Authority.
Jamaica 0 The HUD funded Public Housing Agency that serves Jamaica is the Region XII Regional Housing Authority.