Marshalltown Senior Residences

201 E Main St, Marshalltown, IA 50158

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Joshua Cappell
Rent Beds Baths SqFt
$485 - 575 per Month 1 - 2 Beds 1 Bath 678 - 977 Sq Ft

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

Dave's Thoughts On Marshalltown Senior Residences

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Marshalltown Senior Residences does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Marshalltown Senior Residences Amenities

  • Elevator
  • Fitness Center
  • Community Room
  • Library
  • Organized Activities
  • Close to Public Transportation
  • Near Park
  • Ceiling Fan(s)
  • Dishwasher
  • Microwave
  • Hardwood Floors
  • Refrigerator
  • Extra Storage
  • Spacious floor plans
  • Off Street Parking
  • Peaceful Community
  • Secured Entry
  • Near Shopping
  • Intercom System
  • Central Heat & Air
  • Stove
  • Washer and Dryer Included
  • Historic Renovation
  • Exposed Brick
  • Game Room

Units at Marshalltown Senior Residences

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 678ft2 $485 $525
2 Bedroom (2/1) 977ft2 $550 $575

Income Qualification for Marshalltown Senior Residences

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people
50% AMI for LIHTC Units $29,250 / year $33,400 / year $37,600 / year $41,750 / year
50% AMI for PBRA Units $29,250 / year $33,400 / year $37,600 / year $41,750 / year
60% AMI for LIHTC Units $35,100 / year $40,080 / year $45,120 / year $50,100 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Marshalltown Senior Residences

Does Marshalltown Senior Residences have a waiting list?

Marshalltown Senior Residences probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Marshalltown Senior Residences?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges Marshalltown Senior Residences?

Marshalltown Senior Residences is managed by Cohen Esrey headquartered in Overland Park, Kansas.

In addition to Marshalltown Senior Residences, how many other affordable housing properties (and units) are there in Marshalltown?

In addition to Marshalltown Senior Residences, we list 13 other affordable properties in Marshalltown. Learn about these properties here. Our data research shows that there are a total of 339 affordable units in Marshalltown.

When was the Marshalltown Senior Residences listing last updated?

Marshalltown Senior Residences listing on Affordable Housing Online was last updated on 01/02/2023 by Joshua Cappell. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Marshalltown Senior Residences

Crestview Apartments

117 N 1st Ave, Marshalltown, Iowa 50158

switch_access_shortcut Short Wait
accessibility Accessible

Odd Fellows Apartments

206 Nicholas Dr, Marshalltown, Iowa 50158

payment Subsidized

Marshall Cmi Housing

105 E Webster St, Marshalltown, Iowa 50158

payment Subsidized
accessibility Accessible
accessible_forward Disability

Associates Supported Housing

208 S 3rd St, Marshalltown, Iowa 50158

payment Subsidized
accessibility Accessible
accessible_forward Disability

Southern Hills

2510 S 6th St, Marshalltown, Iowa 50158

bed 1
payment $625/mo.

The Tallcorn

134 E Main St, Marshalltown, Iowa 50158

bed 1
payment $475/mo.
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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