Affordable Housing In Luana
Clayton County, Iowa

1 Low Income Apartment Communities In Luana

Luana Housing Inc

208 Church St
Luana, IA
Subsidized
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Guide To Affordable Housing in Luana, Iowa

There are 1 low income housing apartment communities offering 5 affordable apartments for rent in Luana, Iowa.

Income Based Apartments in Luana, Iowa

Luana features 5 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Luana, Iowa

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Luana.

Housing Choice Vouchers in Luana, Iowa

On average, Section 8 Housing Choice vouchers pay Luana landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Luana.

The maximum amount a voucher would pay on behalf of a low-income tenant in Luana, Iowa for a two-bedroom apartment is between $618 and $756.

2020 Luana, Iowa Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $482 $522 $687 $856 $931
Payment Standard Range $434 to $530 $470 to $574 $618 to $756 $770 to $942 $838 to $1,024

Sourced from federal housing data and AffordableHousingOnline.com research.

Luana, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 5
Total Housing Units with Rental Assistance 5
Percentage of Housing Units Occupied By Renters 18.05%
Average Renter Household Size 2.54
Average Household Size 2.38
Median Household Income $43,250 ±$9,229
Median Rent $568 ±$38
Percentage Of Renters Overburdened 20.83% ± 56.31pp
Total Population 317

Population and Household Demographics

Luana is a City in Clayton County, Iowa with a population of 317. There are 133 households in the city with an average household size of 2.38 persons. 18.05% of households in Luana are renters.

Income and Rent Overburden in Luana

The median gross income for households in Luana is $43,250 a year, or $3,604 a month. The median rent for the city is $568 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Luana, a household making less than $1,893 a month would be considered overburdened when renting an apartment at or above the median rent. 20.83% of households who rent are overburdened in Luana.1

Area Median Income In Luana

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Luana, the AMI is calculated from all households within Clayton County.

In Luana, HUD calculates the Area Median Income for a family of four as $65,300

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 Luana

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 Luana HUD Rental Assistance in Luana

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