Prairie Rose Senior Apartments

2010 W 4th Avenue, Indianola, Iowa 50125

Prairie Rose Senior Apartments, located at 2010 W 4th Avenue in Indianola, has one bedroom garden style apartments. Prairie Rose Senior Apartments participates in the Section 8 Project-Based Rental Assistance and Low-Income Housing Tax Credit (LIHTC) programs.

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Last updated on May 15th, 2019

Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 550 Income Based

Prairie Rose Senior Apartments Details

  • 81 one bedroom units.
  • Garden
  • Water and Sewer utilities included in rent
  • Electricity utility included in rent
  • Heat utility included in rent
  • Project-Based Rental Assistance

Property Amenities

  • Community Room
  • Gazebo
  • On-Site Parking
  • Emergency Pull Cord
  • Secured Entry
  • Pet Friendly

Unit Amenities

  • Air Conditioning
  • Garbage Disposal
  • Carpet
  • Yard
  • Refrigerator
  • Oven and Range
  • Bathroom Grab Bars
  • Blinds
  • Washer/ Dryer
  • Electric Range
  • vinyl tile flooring
  • Walk-in Shower

Office Hours

Day Hours
Monday 8:00am-5:00pm
Tuesday 8:00am-5:00pm
Wednesday 8:00am-5:00pm
Thursday 8:00am-5:00pm
Friday 8:00am-5:00pm

About Prairie Rose Senior Apartments

Prairie Rose is affordable housing  for the elderly and disabled. Rent is based on adjusted income. Security Deposits are equal to one month’s rent. Our community offers carpeted one bedroom apartments with mini blinds, range, refrigerator and an intercom system. All utilities are paid. For your convenience we have a laundry room on site. We offer a community room with planned activities. You must be 62 years or older or have a disability and meet income qualifications.

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.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Indianola 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 Indianola but actual income limits may differ for units at Prairie Rose Senior Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $18,400 $21,000 $23,650 $26,250 $30,170 $34,590 $39,010 $43,430
50% $30,650 $35,000 $39,400 $43,750 $47,250 $50,750 $54,250 $57,750
80% $49,000 $56,000 $63,000 $70,000 $75,600 $81,200 $86,800 $92,400

Indianola Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Indianola but actual income limits may differ for units at Prairie Rose Senior Apartments.

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

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

Prairie Rose Senior Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD-Assisted Housing. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since Prairie Rose Senior Apartments has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Prairie Rose Senior Apartments is managed by California Commercial Investment Group.

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Image of Prairie Rose Senior Apartments
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Image of Prairie Rose Senior Apartments
Image of Prairie Rose Senior Apartments
Image of Prairie Rose Senior Apartments
Image of Prairie Rose Senior Apartments
Image of Prairie Rose Senior Apartments

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