Sunset Retirement Home North

118 E 21st St, Spencer, Iowa 51301

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Sunset Retirement Home North Details

  • 51 units.
  • Project-Based Rental Assistance
  • Senior (62+)
  • Accessible Units
  • Supportive Housing for the Elderly

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. 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.

Spencer 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 Spencer but actual income limits may differ for units at Sunset Retirement Home North.

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

These general income qualifications for Spencer, Iowa should only be used as a basic guide. To find out if you qualify, contact the community directly.

You can usually make up to 80% of the Area Median Income (AMI) to be eligible for a HUD-Assisted Housing unit, but income qualification tiers for this community may be different due to various policies.

Sunset Retirement Home North receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing. Market rate units would have no subsidies or income restrictions.

Sunset Retirement Home North is managed by Community Housing Initiatives.

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