Affordable Housing In Mitchell County
Iowa

2 Low Income Apartment Communities In Mitchell County

Osage Iha Apartments

1020 N 10th St
Osage, IA
HCV Welcome

Hamlin Garland

831 Heritage Dr
Osage, IA
Subsidized
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Housing Authorities that serve Mitchell County

Housing Authority Programs
North Iowa Regional Housing Authority Public Housing

Guide To Affordable Housing in Mitchell County, Iowa

There are 2 low income housing apartment communities offering 94 affordable apartments for rent in Mitchell County, Iowa. Mitchell County features 78 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 16 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Mitchell County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Mitchell County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 94
Total Housing Units with Rental Assistance 78
Percentage of Housing Units Occupied By Renters 16.34%
Average Renter Household Size 1.67
Average Household Size 2.41
Median Household Income $49,488 ±$3,035
Median Rent $535 ±$64
Percentage Of Renters Overburdened 26.26% ± 7.81pp
Total Population 10,762

Population and Household Demographics

Mitchell County is a County in Iowa with a population of 10,762. There are 4,358 households in the county with an average household size of 2.41 persons. 16.34% of households in Mitchell County are renters.

Income and Rent Overburden in Mitchell County

The median gross income for households in Mitchell County is $49,488 a year, or $4,124 a month. The median rent for the county is $535 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mitchell County, a household making less than $1,783 a month would be considered overburdened when renting an apartment at or above the median rent. 26.26% of households who rent are overburdened in Mitchell County.1

Area Median Income In Mitchell 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 Mitchell County, HUD calculates the Area Median Income for a family of four as $69,700

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 Mitchell 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 Mitchell County HUD Rental Assistance in Mitchell County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,650 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,400 $27,900 $31,400 $34,850 $37,650 $40,450 $43,250 $46,050
80% of Median $39,050 $44,600 $50,200 $55,750 $60,250 $64,700 $69,150 $73,600
Low Income Housing Tax Credits in Mitchell County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1993 to 1993, 1 low income apartment communities containing 16 rental apartments have been constructed and made affordable to low income persons in Mitchell County by the Low Income Housing Tax Credit Program.

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 Mitchell County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,400 $27,900 $31,400 $34,850 $37,650 $40,450 $43,250 $46,050
60% of Median $29,280 $33,480 $37,680 $41,820 $45,180 $48,540 $51,900 $55,260

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 Mitchell County is $37,680 a year, or $3,140 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,140 by 30% to get a maximum rent of $942 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% $610 $654 $785 $906 $1,011 $1,116
60% $732 $785 $942 $1,088 $1,214 $1,340
Fair Market Rents in Mitchell 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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$497 $522 $687 $856 $931

Cities In Mitchell County

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

City Listings Served By
Osage 2 The HUD funded Public Housing Agency that serves Osage is the North Iowa Regional Housing Authority.
Stacyville 0 The HUD funded Public Housing Agency that serves Stacyville is the North Iowa Regional Housing Authority.
Carpenter 0 The HUD funded Public Housing Agency that serves Carpenter is the North Iowa Regional Housing Authority.
Little Cedar 0 The HUD funded Public Housing Agency that serves Little Cedar is the North Iowa Regional Housing Authority.
McIntire 0 The HUD funded Public Housing Agency that serves McIntire is the North Iowa Regional Housing Authority.
Meyer 0 The HUD funded Public Housing Agency that serves Meyer is the North Iowa Regional Housing Authority.
Mitchell 0 The HUD funded Public Housing Agency that serves Mitchell is the North Iowa Regional Housing Authority.
Mona 0 The HUD funded Public Housing Agency that serves Mona is the North Iowa Regional Housing Authority.
New Haven 0 The HUD funded Public Housing Agency that serves New Haven is the North Iowa Regional Housing Authority.
Otranto 0 The HUD funded Public Housing Agency that serves Otranto is the North Iowa Regional Housing Authority.
St. Ansgar 0 The HUD funded Public Housing Agency that serves St. Ansgar is the North Iowa Regional Housing Authority.
Orchard 0 The HUD funded Public Housing Agency that serves Orchard is the North Iowa Regional Housing Authority.
Toeterville 0 The HUD funded Public Housing Agency that serves Toeterville is the North Iowa Regional Housing Authority.