100 North 6th Street, Missouri Valley, IA 51555
Waiting List Forecast: Likely Long or Closed
Verified for 2021 by Rachel Overby, Cynthia McAndrew| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 1 Bath | - |
Since this property is a Section 202 property and includes rental assistance, it will tend to have a longer waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. 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.
Welcome Home
This 22 unit complex was constructed with help from the U.S. Department of Housing and Urban Development (HUD) in the form of a construction grant. Under an agreement with HUD, this facility serves households whose head of household is over 62 years of age and must meet certain requirements specified by HUD.
As a modern Section 202 property built after 1990, Kovar Court only allows seniors aged 62 or older. Older “Legacy” 202 properties (pre-1990) do allow younger persons with disabilities. Modern 202 properties tend to be in better physical condition primarily due to age. Section 202 properties include a rent subsidy, so you will only pay 30% of your income toward rent. To qualify, you will need to earn 50% of the Area Median Income or less. These properties often include a resident services coordinator that arranges services like healthcare management, transportation, and social activities. If you are a senior or have a senior in your household, and need services to maintain independent living, this property may be good for you. Since this property participates in the HUD 202 program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | - | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $21,150 / year | $24,200 / year | $27,200 / year | $30,200 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $35,250 / year | $40,300 / year | $45,350 / year | $50,350 / year | $54,400 / year | $58,450 / year | $62,450 / year | $66,500 / year |
| 50% AMI for PBRA Units | $35,250 / year | $40,300 / year | $45,350 / year | $50,350 / year | $54,400 / year | $58,450 / year | $62,450 / year | $66,500 / year |
| 80% AMI for PBRA Units | $56,400 / year | $64,450 / year | $72,500 / year | $80,550 / year | $87,000 / year | $93,450 / year | $99,900 / year | $106,350 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Kovar Court have a waiting list?
Kovar Court probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Kovar Court ?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Kovar Court ?
Kovar Court is managed by Seldin Company headquartered in Omaha , Nebraska.
In addition to Kovar Court , how many other affordable housing properties (and units) are there in Missouri Valley?
In addition to Kovar Court , we list 2 other affordable properties in Missouri Valley. Learn about these properties here. Our data research shows that there are a total of 77 affordable units in Missouri Valley.
Affordable housing is for both families and individuals.
There is no requirement to have family members or children to live in affordable housing. Single persons are eligible for housing.Selina Irene says:
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