Affordable Housing In Sac County
Iowa

5 Low Income Apartment Communities In Sac County

Howard Center, Inc Group Homes

701 S 13th St
Sac City, IA
62+
Accessible
Elderly Supportive Housing
Subsidized

Sac Community Housing

16th & Gishwiller
Sac City, IA

Odebolt Assisted Living

799 S Des Moines St
Odebolt, IA
HCV Welcome

Sac City I, Lp

1437 Irvine St
Sac City, IA
HCV Welcome

Lake View Senior Housing

5th And Ash
Lake View, IA
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There are 5 low income housing apartment complexes which contain 82 affordable apartments for rent in Sac County. Many of these rental apartments are income based housing with 16 apartments that set rent based on your income. In Sac County, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 66 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Sac County

Housing Authority Programs
Region XII Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Family Self-sufficiency

Guide To Affordable Housing in Sac County, Iowa

Sac County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 82
Total Rent Assisted Apartments 16
Percentage of Housing Units Occupied By Renters 19.9%
Average Renter Household Size 1.97
Total Population 10,101
Housing Units 4,406
Average Household Size 2.25
Median Household Income $49,572 ±$1,708
Median Rent $534 ±$29
Percentage Of Renters Overburdened 29.3% ± 6.15pp

Population and Household Demographics

Sac County is a County in Iowa with a population of 10,101. There are 4,406 households in the county with an average household size of 2.25 persons. 19.9% of households in Sac County are renters.

Income and Rent Overburden in Sac County

The median gross income for households in Sac County is $49,572 a year, or $4,131 a month. The median rent for the county is $534 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Sac County, a household making less than $1,780 a month would be considered overburdened when renting an apartment at or above the median rent. 29.3% of households who rent are overburdened in Sac County.1

Area Median Income In Sac 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 Sac County, HUD calculates the Area Median Income for a family of four as $68,200

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 Sac 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 Sac County HUD Rental Assistance in Sac County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,600 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
80% of Median $38,850 $44,400 $49,950 $55,500 $59,950 $64,400 $68,850 $73,300
Low Income Housing Tax Credits in Sac County

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

From 1998 to 2007, 2 low income apartment communities containing 25 rental apartments have been constructed and made affordable to low income persons in Sac 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 Sac County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
60% of Median $29,160 $33,360 $37,500 $41,640 $45,000 $48,360 $51,660 $55,020

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 Sac County is $37,500 a year, or $3,125 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,125 by 30% to get a maximum rent of $938 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% $608 $651 $781 $903 $1,008 $1,111
60% $729 $782 $938 $1,083 $1,209 $1,334
Fair Market Rents in Sac 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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$481 $524 $664 $940 $985

Cities In Sac County

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

City Listings Served By
Sac City 3 The HUD funded Public Housing Agency that serves Sac City is the Region XII Regional Housing Authority.
Odebolt 1 The HUD funded Public Housing Agency that serves Odebolt is the Region XII Regional Housing Authority.
Lake View 1 The HUD funded Public Housing Agency that serves Lake View is the Region XII Regional Housing Authority.
Early 0 The HUD funded Public Housing Agency that serves Early is the Region XII Regional Housing Authority.
Nemaha 0 The HUD funded Public Housing Agency that serves Nemaha is the Region XII Regional Housing Authority.
Schaller 0 The HUD funded Public Housing Agency that serves Schaller is the Region XII Regional Housing Authority.
Wall Lake 0 The HUD funded Public Housing Agency that serves Wall Lake is the Region XII Regional Housing Authority.
Auburn 0 The HUD funded Public Housing Agency that serves Auburn is the Region XII Regional Housing Authority.