Affordable Housing Online is monitoring the federal government's response to the coronavirus disease (COVID-19) outbreak. 

An extensive list of coronavirus resources for low-income households can be found here.

Newton Plaza Apartments

901 S 13th Ave E, Newton, Iowa 50208

Contact Newton Plaza Apartments

Message Newton Plaza Apartments

Newton Plaza Apartments Details

  • 24 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing
  • Section 521 USDA Rental Assistance

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

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 Newton Plaza Apartments.

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

Newton Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Newton but actual income limits may differ for units at Newton Plaza Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $25,500 $29,150 $32,800 $36,400 $39,350 $42,250 $45,150 $48,050
Low Income (60%) $30,600 $34,980 $39,360 $43,680 $47,220 $50,700 $54,180 $57,660

Nearby Low Income Apartment Communities

Newton Place Apartments

222 North 4th Avenue West
Newton, Iowa
$391-515
2 BR
62+

Hunter's Run

821 S 13th Ave E
Newton, Iowa
Income Based
1-3 BR

Linden Place - Newton

1105 E 12th St S
Newton, Iowa
Income Based
1 BR
Subsidized
62+
Accessible
Elderly Supportive Housing

Newton Park Apartments

1425 North 11th Avenue NE
Newton, Iowa
Income Based
1-2 BR