Kovar Court Apartments, located at 100 N 6th Street in Missouri Valley, has one bedroom apartments. Kovar Court Apartments participates in the Section 202 Supportive Housing for the Elderly program.
Last updated on October 22nd, 2018
|1 Bedroom (1/1)||-||Income Based|
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.
Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Missouri Valley but actual income limits may differ for units at Kovar Court Apartments.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
These general income qualifications for Missouri Valley, Iowa should only be used as a basic guide. To find out if you qualify, contact the community directly.
You can usually make up to 80% of the Area Median Income (AMI) to be eligible for a HUD-Assisted Housing unit, but income qualification tiers for this community may be different due to various policies.
Kovar Court Apartments receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing. Market rate units would have no subsidies or income restrictions.
Kovar Court Apartments is managed by Seldin Company.