Affordable Housing In Kossuth County
Iowa

3 Low Income Apartment Communities In Kossuth County

Eastland Park Senior Apartments

206 S Finn Dr
Algona, IA
$572
1 BR
HCV Welcome
Subsidized

Maple Park Apartments ~ Algona

211 S Smith St
Algona, IA
Subsidized

Pleasantview Manor

304 N Walnut St
Bancroft, IA
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There are 3 low income housing apartment complexes which contain 102 affordable apartments for rent in Kossuth County. Many of these rental apartments are income based housing with 102 apartments that set rent based on your income. In Kossuth County, HUD housing programs support 50 rental assistance apartments through programs like Project-based Section 8. There are 0 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Kossuth County

Housing Authority Programs
North Iowa Regional Housing Authority Public Housing

Other Housing Authorities located in Kossuth County

Housing Authority Programs
Low Rent Housing Agency of Bancroft Public Housing

Guide To Affordable Housing in Kossuth County, Iowa

Kossuth County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 102
Total Rent Assisted Apartments 102
Percentage of Housing Units Occupied By Renters 21.33%
Average Renter Household Size 1.90
Total Population 15,280
Housing Units 6,723
Average Household Size 2.23
Median Household Income $51,496 ±$2,160
Median Rent $579 ±$35
Percentage Of Renters Overburdened 34.94% ± 6.72pp

Population and Household Demographics

Kossuth County is a County in Iowa with a population of 15,280. There are 6,723 households in the county with an average household size of 2.23 persons. 21.33% of households in Kossuth County are renters.

Income and Rent Overburden in Kossuth County

The median gross income for households in Kossuth County is $51,496 a year, or $4,291 a month. The median rent for the county is $579 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Kossuth County, a household making less than $1,930 a month would be considered overburdened when renting an apartment at or above the median rent. 34.94% of households who rent are overburdened in Kossuth County.1

Area Median Income In Kossuth 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 Kossuth County, HUD calculates the Area Median Income for a family of four as $70,900

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 Kossuth 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 Kossuth County HUD Rental Assistance in Kossuth County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,900 $17,000 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,850 $28,400 $31,950 $35,450 $38,300 $41,150 $44,000 $46,800
80% of Median $39,700 $45,400 $51,050 $56,700 $61,250 $65,800 $70,350 $74,850
Low Income Housing Tax Credits in Kossuth County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1994 to 1994, 1 low income apartment communities containing 24 rental apartments have been constructed and made affordable to low income persons in Kossuth 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 Kossuth County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,850 $28,400 $31,950 $35,450 $38,300 $41,150 $44,000 $46,800
60% of Median $29,820 $34,080 $38,340 $42,540 $45,960 $49,380 $52,800 $56,160

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 Kossuth County is $38,340 a year, or $3,195 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,195 by 30% to get a maximum rent of $959 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% $621 $666 $799 $922 $1,029 $1,135
60% $746 $799 $959 $1,106 $1,235 $1,362
Fair Market Rents in Kossuth 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 $502 $664 $894 $898

Cities In Kossuth County

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

City Listings Served By
Algona 2 The HUD funded Public Housing Agency that serves Algona is the North Iowa Regional Housing Authority.
Burt 0 The HUD funded Public Housing Agency that serves Burt is the North Iowa Regional Housing Authority.
Fenton 0 The HUD funded Public Housing Agency that serves Fenton is the North Iowa Regional Housing Authority.
Irvington 0 The HUD funded Public Housing Agency that serves Irvington is the North Iowa Regional Housing Authority.
Lakota 0 The HUD funded Public Housing Agency that serves Lakota is the North Iowa Regional Housing Authority.
Ledyard 0 The HUD funded Public Housing Agency that serves Ledyard is the North Iowa Regional Housing Authority.
Lone Rock 0 The HUD funded Public Housing Agency that serves Lone Rock is the North Iowa Regional Housing Authority.
St. Joseph 0 The HUD funded Public Housing Agency that serves St. Joseph is the North Iowa Regional Housing Authority.
Sexton 0 The HUD funded Public Housing Agency that serves Sexton is the North Iowa Regional Housing Authority.
Swea City 0 The HUD funded Public Housing Agency that serves Swea City is the North Iowa Regional Housing Authority.
Wesley 0 The HUD funded Public Housing Agency that serves Wesley is the North Iowa Regional Housing Authority.
Whittemore 0 The HUD funded Public Housing Agency that serves Whittemore is the North Iowa Regional Housing Authority.
Bancroft 1 The HUD funded Public Housing Agency that serves Bancroft is the North Iowa Regional Housing Authority.
St. Benedict 0 The HUD funded Public Housing Agency that serves St. Benedict is the North Iowa Regional Housing Authority.
Titonka 0 The HUD funded Public Housing Agency that serves Titonka is the North Iowa Regional Housing Authority.
West Bend 0 The HUD funded Public Housing Agency that serves West Bend is the North Iowa Regional Housing Authority.