Somerset Apartments

400 Minnesota St, Holstein, Iowa 51025

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Somerset Apartments Details

  • 24 units.
  • Project-Based Rental Assistance

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

Holstein HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Holstein but actual income limits may differ for units at Somerset Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $14,600 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
80% $38,850 $44,400 $49,950 $55,500 $59,950 $64,400 $68,850 $73,300

These general income qualifications for Holstein, Iowa should only be used as a basic guide. To find out if you qualify, contact the community directly.

You can usually make up to 80% of the Area Median Income (AMI) to be eligible for a HUD-Assisted Housing unit, but income qualification tiers for this community may be different due to various policies.

Somerset Apartments receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing. Market rate units would have no subsidies or income restrictions.