10 Penn Oaks Dr, North Liberty, IA 52317
Waiting List Forecast: Likely Short or None
Verified for 2019 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 3 Beds | 1.5 Bath | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. 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.
Penn Oaks is located right behind the North Liberty Recreation and Community Center and is near the library and a bike/walking nature trail. Amenities include central air, garbage disposals, on-site library, secure entry doors, washer/dryer hook-ups in units, dishwashers, and indoor mailboxes. Additional features include both interior and exterior access to units, a picnic area with gazebo, and a playground.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Penn Oaks does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 3 Bedroom (3/1.5) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $40,400 / year | $46,200 / year | $51,950 / year | $57,700 / year | $62,350 / year | $66,950 / year |
| 50% AMI for PBRA Units | $40,400 / year | $46,200 / year | $51,950 / year | $57,700 / year | $62,350 / year | $66,950 / year |
| 60% AMI for LIHTC Units | $48,480 / year | $55,440 / year | $62,340 / year | $69,240 / year | $74,820 / year | $80,340 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Penn Oaks have a waiting list?
Penn Oaks probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Penn Oaks?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Penn Oaks?
Penn Oaks is managed by Keyway Management headquartered in West Des Moines, Iowa.
In addition to Penn Oaks, how many other affordable housing properties (and units) are there in North Liberty?
In addition to Penn Oaks, we list 7 other affordable properties in North Liberty. Learn about these properties here. Our data research shows that there are a total of 214 affordable units in North Liberty.
771 Savannah Dr, North Liberty, Iowa 52317
705 N Front St, North Liberty, Iowa 52317
245 Sugar Creek Ln, North Liberty, Iowa 52317
45 W Jefferson St, North Liberty, Iowa 52317
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Have documentation ready that shows you qualify for a waiting list's preferences.Kimberly Leighton says:
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