Affordable Housing In Lucas County
Iowa

4 Low Income Apartment Communities In Lucas County

Woodlawn Apartments

1115 Woodlawn Ave
Chariton, IA
Subsidized

Autumn Park Apartments ~ Chariton

330 N Main St
Chariton, IA
Subsidized

Russell Devel Inc

213 W Prairie St
Russell, IA
Subsidized

Southgates Apartments

429 S Main St
Chariton, IA
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There are 4 low income housing apartment complexes which contain 170 affordable apartments for rent in Lucas County. Many of these rental apartments are income based housing with 170 apartments that set rent based on your income. In Lucas County, HUD housing programs support 82 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 Lucas County

Housing Authority Programs
Area XV Multi-County Housing Agency Section 8 Housing Choice Voucher (HCV); Public Housing

Other Housing Authorities located in Lucas County

Housing Authority Programs
Chariton Housing Authority Public Housing

Guide To Affordable Housing in Lucas County, Iowa

Lucas County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 170
Total Rent Assisted Apartments 170
Percentage of Housing Units Occupied By Renters 20.74%
Average Renter Household Size 1.77
Total Population 8,731
Housing Units 3,678
Average Household Size 2.34
Median Household Income $43,962 ±$2,108
Median Rent $479 ±$100
Percentage Of Renters Overburdened 33.29% ± 12.98pp

Population and Household Demographics

Lucas County is a County in Iowa with a population of 8,731. There are 3,678 households in the county with an average household size of 2.34 persons. 20.74% of households in Lucas County are renters.

Income and Rent Overburden in Lucas County

The median gross income for households in Lucas County is $43,962 a year, or $3,664 a month. The median rent for the county is $479 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lucas County, a household making less than $1,597 a month would be considered overburdened when renting an apartment at or above the median rent. 33.29% of households who rent are overburdened in Lucas County.1

Area Median Income In Lucas 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 Lucas County, HUD calculates the Area Median Income for a family of four as $64,800

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 Lucas 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 Lucas County HUD Rental Assistance in Lucas County

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

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 Lucas County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
60% of Median $29,160 $33,360 $37,500 $41,640 $45,000 $48,360 $51,660 $55,020

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 Lucas County is $37,500 a year, or $3,125 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,125 by 30% to get a maximum rent of $938 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% $608 $651 $781 $903 $1,008 $1,111
60% $729 $782 $938 $1,083 $1,209 $1,334
Fair Market Rents in Lucas 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
$553 $577 $763 $956 $1,031

Cities In Lucas County

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

City Listings Served By
Chariton 3 The HUD funded Public Housing Agencies that serve Chariton are the Chariton Housing Authority and Area XV Multi-County Housing Agency.
Russell 1 The HUD funded Public Housing Agency that serves Russell is the Area XV Multi-County Housing Agency.
Derby 0 The HUD funded Public Housing Agency that serves Derby is the Area XV Multi-County Housing Agency.
Williamson 0 The HUD funded Public Housing Agency that serves Williamson is the Area XV Multi-County Housing Agency.
Lucas 0 The HUD funded Public Housing Agency that serves Lucas is the Area XV Multi-County Housing Agency.