Affordable Housing In Iowa County
Iowa

6 Low Income Apartment Communities In Iowa County

Victor Senior Citizens Housing

702 Dunlap St
Victor, IA
Call For Rent
1-2 BR

West Pine Homes

802 W Pine St
Marengo, IA
Subsidized

Whispering Pines Apartments

905 North St
Williamsburg, IA
Subsidized

Leisure Homes

601 Pacific St
Ladora, IA
Subsidized

Woodland Dr Apartments

337 N Woodland Dr
North English, IA
Subsidized

N English Park Apartments

320 W Lakeview St
North English, IA
Subsidized
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There are 6 low income housing apartment complexes which contain 162 affordable apartments for rent in Iowa County. Many of these rental apartments are income based housing with 114 apartments that set rent based on your income. In Iowa County, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 48 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Iowa County

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

Guide To Affordable Housing in Iowa County, Iowa

Iowa County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 162
Total Rent Assisted Apartments 114
Percentage of Housing Units Occupied By Renters 21.95%
Average Renter Household Size 2.04
Total Population 16,344
Housing Units 6,819
Average Household Size 2.34
Median Household Income $59,375 ±$5,982
Median Rent $520 ±$21
Percentage Of Renters Overburdened 27.72% ± 6.14pp

Population and Household Demographics

Iowa County is a County in Iowa with a population of 16,344. There are 6,819 households in the county with an average household size of 2.34 persons. 21.95% of households in Iowa County are renters.

Income and Rent Overburden in Iowa County

The median gross income for households in Iowa County is $59,375 a year, or $4,948 a month. The median rent for the county is $520 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Iowa County, a household making less than $1,733 a month would be considered overburdened when renting an apartment at or above the median rent. 27.72% of households who rent are overburdened in Iowa County.1

Area Median Income In Iowa 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 Iowa County, HUD calculates the Area Median Income for a family of four as $74,200

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 Iowa 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 Iowa County HUD Rental Assistance in Iowa County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,600 $17,800 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,000 $29,700 $33,400 $37,100 $40,100 $43,050 $46,050 $49,000
80% of Median $41,550 $47,500 $53,450 $59,350 $64,100 $68,850 $73,600 $78,350
Low Income Housing Tax Credits in Iowa 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 1994, 3 low income apartment communities containing 56 rental apartments have been constructed and made affordable to low income persons in Iowa 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 Iowa County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $26,000 $29,700 $33,400 $37,100 $40,100 $43,050 $46,050 $49,000
60% of Median $31,200 $35,640 $40,080 $44,520 $48,120 $51,660 $55,260 $58,800

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 Iowa County is $40,080 a year, or $3,340 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,340 by 30% to get a maximum rent of $1,002 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% $650 $696 $835 $965 $1,076 $1,188
60% $780 $836 $1,002 $1,158 $1,292 $1,426
Fair Market Rents in Iowa 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
$481 $534 $664 $960 $1,166

Cities In Iowa County

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

City Listings Served By
Marengo 1 The HUD funded Public Housing Agency that serves Marengo is the Iowa City Housing Authority.
Parnell 0 The HUD funded Public Housing Agency that serves Parnell is the Iowa City Housing Authority.
Williamsburg 1 The HUD funded Public Housing Agency that serves Williamsburg is the Iowa City Housing Authority.
North English 2 The HUD funded Public Housing Agency that serves North English is the Iowa City Housing Authority.
Victor 1 The HUD funded Public Housing Agency that serves Victor is the Iowa City Housing Authority.
Millersburg 0 The HUD funded Public Housing Agency that serves Millersburg is the Iowa City Housing Authority.
Ladora 1 The HUD funded Public Housing Agency that serves Ladora is the Iowa City Housing Authority.
Conroy 0 The HUD funded Public Housing Agency that serves Conroy is the Iowa City Housing Authority.
East Amana 0 The HUD funded Public Housing Agency that serves East Amana is the Iowa City Housing Authority.
High Amana 0 The HUD funded Public Housing Agency that serves High Amana is the Iowa City Housing Authority.
Homestead 0 The HUD funded Public Housing Agency that serves Homestead is the Iowa City Housing Authority.
South Amana 0 The HUD funded Public Housing Agency that serves South Amana is the Iowa City Housing Authority.
Amana 0 The HUD funded Public Housing Agency that serves Amana is the Iowa City Housing Authority.
Middle Amana 0 The HUD funded Public Housing Agency that serves Middle Amana is the Iowa City Housing Authority.
West Amana 0 The HUD funded Public Housing Agency that serves West Amana is the Iowa City Housing Authority.