Affordable Housing In Union County
Iowa

13 Low Income Apartment Communities In Union County

Green Valley Manor

124 Manor Drive
Creston, IA
Income Based
1-3 BR
Subsidized

Creston Plaza I

1001 S Sumner St
Creston, IA
Call For Rent
2-3 BR
HCV Welcome

The Iowana

203 W Montgomery Street
Creston, IA
Income Based
1-2 BR

Autumn House Apartments

107 N Division St
Creston, IA
Subsidized

Creston Plaza Apartments, Phase II

1003 S Sumner St
Creston, IA
HCV Welcome

Clearview Apartments

1013 Manor Dr
Creston, IA

Unselected

300 N Oak St
Creston, IA

Fairview

611 E Polk St
Afton, IA

Iowa

603 Grand Ave
Creston, IA
HCV Welcome

Creston Park Apartments

1501 N Lincoln St
Creston, IA

Housing Authorities that serve Union County

Housing Authority Programs
Southern Iowa Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Other Housing Authorities located in Union County

Housing Authority Programs
Afton Housing Commission Public Housing

Guide To Affordable Housing in Union County, Iowa

There are 13 low income housing apartment communities offering 441 affordable apartments for rent in Union County, Iowa. Union County features 223 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 218 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Union County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Union County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 13
Total Low Income Apartments 441
Total Housing Units with Rental Assistance 223
Percentage of Housing Units Occupied By Renters 28.82%
Average Renter Household Size 2.15
Average Household Size 2.30
Median Household Income $44,351 ±$2,897
Median Rent $593 ±$44
Percentage Of Renters Overburdened 37.32% ± 7.16pp
Total Population 12,575

Population and Household Demographics

Union County is a County in Iowa with a population of 12,575. There are 5,337 households in the county with an average household size of 2.30 persons. 28.82% of households in Union County are renters.

Income and Rent Overburden in Union County

The median gross income for households in Union County is $44,351 a year, or $3,696 a month. The median rent for the county is $593 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Union County, a household making less than $1,977 a month would be considered overburdened when renting an apartment at or above the median rent. 37.32% of households who rent are overburdened in Union County.1

Area Median Income In Union 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 Union County, HUD calculates the Area Median Income for a family of four as $63,800

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 Union 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 Union County HUD Rental Assistance in Union 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 Union County

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

From 1992 to 2012, 5 low income apartment communities containing 157 rental apartments have been constructed and made affordable to low income persons in Union 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 Union 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 Union 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 Union 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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$562 $565 $687 $947 $950

Cities In Union County

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

City Listings Served By
Creston 11 The HUD funded Public Housing Agency that serves Creston is the Southern Iowa Regional Housing Authority.
Afton 2 The HUD funded Public Housing Agencies that serve Afton are the Afton Housing Commission and Southern Iowa Regional Housing Authority.
Lorimor 0 The HUD funded Public Housing Agency that serves Lorimor is the Southern Iowa Regional Housing Authority.
Cromwell 0 The HUD funded Public Housing Agency that serves Cromwell is the Southern Iowa Regional Housing Authority.
Thayer 0 The HUD funded Public Housing Agency that serves Thayer is the Southern Iowa Regional Housing Authority.
Arispe 0 The HUD funded Public Housing Agency that serves Arispe is the Southern Iowa Regional Housing Authority.
Kent 0 The HUD funded Public Housing Agency that serves Kent is the Southern Iowa Regional Housing Authority.