Washington Apartments

539 W 4th St, Ottumwa, Iowa 52501

Washington Apartments is still in contruction but will offer 52 Multi-Family Apartments.

This property is currently under construction.

Washington Apartments Details

  • 52 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

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.

Washington Apartments is managed by TWG Development.

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