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Capstone Housing

313 E 4th St N, Newton, Iowa 50208

Capstone Housing Details

  • 22 bedroom units.
  • Supportive Housing for Persons with Disabilities

Supportive Housing for Persons with Disabilities

Since this property was built or renovated using funding from HUD's current Section 811 Supportive Housing for Persons with Disabilities program or legacy Section 202 program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one adult member with a disability. 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.

Newton HUD Rental Assistance Income Qualifications

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 Newton but actual income limits may differ for units at Capstone Housing.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,300 $17,500 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% $25,500 $29,150 $32,800 $36,400 $39,350 $42,250 $45,150 $48,050
80% $40,800 $46,600 $52,450 $58,250 $62,950 $67,600 $72,250 $76,900

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