Affordable Housing In Jasper County
Iowa
28 Low Income Apartment Communities In Jasper County
Mccann Village
Progress Industries Group Homes
Housing Authorities that serve Jasper County
| Housing Authority | Programs |
|---|---|
| Central Iowa Regional Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing |
Guide To Affordable Housing in Jasper County, Iowa
There are 28 low income housing apartment communities offering 974 affordable apartments for rent in Jasper County, Iowa. Jasper County features 339 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 510 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Jasper County.
Sourced from federal housing data and AffordableHousingOnline.com research.
Jasper County, IA Affordable Housing Snapshot
| Total Affordable Apartment Properties | 28 |
|---|---|
| Total Low Income Apartments | 974 |
| Total Housing Units with Rental Assistance | 339 |
| Percentage of Housing Units Occupied By Renters | 26.97% |
| Average Renter Household Size | 2.30 |
| Average Household Size | 2.41 |
| Median Household Income | $55,033 ±$2,218 |
| Median Rent | $685 ±$51 |
| Percentage Of Renters Overburdened | 37.54% ± 5.56pp |
| Total Population | 36,726 |
Population and Household Demographics
Jasper County is a County in Iowa with a population of 36,726. There are 14,437 households in the county with an average household size of 2.41 persons. 26.97% of households in Jasper County are renters.
Income and Rent Overburden in Jasper County
The median gross income for households in Jasper County is $55,033 a year, or $4,586 a month. The median rent for the county is $685 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Jasper County, a household making less than $2,283 a month would be considered overburdened when renting an apartment at or above the median rent. 37.54% of households who rent are overburdened in Jasper County.1
Area Median Income In Jasper 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 Jasper County, HUD calculates the Area Median Income for a family of four as $72,600
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 Jasper 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 Jasper County HUD Rental Assistance in Jasper County
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% of Median | $15,300 | $17,450 | $21,330 | $25,750 | $30,170 | $34,590 | $39,010 | $43,430 |
| 50% of Median | $25,450 | $29,050 | $32,700 | $36,300 | $39,250 | $42,150 | $45,050 | $47,950 |
| 80% of Median | $40,700 | $46,500 | $52,300 | $58,100 | $62,750 | $67,400 | $72,050 | $76,700 |
Low Income Housing Tax Credits in Jasper County
The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.
From 1988 to 2000, 15 low income apartment communities containing 400 rental apartments have been constructed and made affordable to low income persons in Jasper 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 Jasper County
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 50% of Median | $25,450 | $29,050 | $32,700 | $36,300 | $39,250 | $42,150 | $45,050 | $47,950 |
| 60% of Median | $30,540 | $34,860 | $39,240 | $43,560 | $47,100 | $50,580 | $54,060 | $57,540 |
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 Jasper County is $39,240 a year, or $3,270 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,270 by 30% to get a maximum rent of $981 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% | $636 | $681 | $818 | $944 | $1,054 | $1,163 |
| 60% | $764 | $818 | $981 | $1,133 | $1,265 | $1,395 |
Fair Market Rents in Jasper 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.
2020 Fair Market Rents
| Studio | One BR | Two BR | Three BR | Four BR |
|---|---|---|---|---|
| $512 | $552 | $727 | $1,012 | $1,149 |
Cities In Jasper County
Select A City to View its Apartment Communities and Waiting Lists.
| City | Listings | Served By |
|---|---|---|
| Newton | 17 | The HUD funded Public Housing Agency that serves Newton is the Central Iowa Regional Housing Authority. |
| Mingo | 1 | The HUD funded Public Housing Agency that serves Mingo is the Central Iowa Regional Housing Authority. |
| Baxter | 1 | The HUD funded Public Housing Agency that serves Baxter is the Central Iowa Regional Housing Authority. |
| Monroe | 2 | The HUD funded Public Housing Agency that serves Monroe is the Central Iowa Regional Housing Authority. |
| Mitchellville | 2 | The HUD funded Public Housing Agency that serves Mitchellville is the Central Iowa Regional Housing Authority. |
| Colfax | 1 | The HUD funded Public Housing Agency that serves Colfax is the Central Iowa Regional Housing Authority. |
| Prairie City | 1 | The HUD funded Public Housing Agency that serves Prairie City is the Central Iowa Regional Housing Authority. |
| Kellogg | 2 | The HUD funded Public Housing Agency that serves Kellogg is the Central Iowa Regional Housing Authority. |
| Sully | 0 | The HUD funded Public Housing Agency that serves Sully is the Central Iowa Regional Housing Authority. |
| Lynnville | 1 | The HUD funded Public Housing Agency that serves Lynnville is the Central Iowa Regional Housing Authority. |
| Lambs Grove | 0 | The HUD funded Public Housing Agency that serves Lambs Grove is the Central Iowa Regional Housing Authority. |
| Oakland Acres | 0 | The HUD funded Public Housing Agency that serves Oakland Acres is the Central Iowa Regional Housing Authority. |
| Reasnor | 0 | The HUD funded Public Housing Agency that serves Reasnor is the Central Iowa Regional Housing Authority. |
| Valeria | 0 | The HUD funded Public Housing Agency that serves Valeria is the Central Iowa Regional Housing Authority. |
