Cedar River Towers

106 E 3rd Street, Waterloo, Iowa 50703

Cedar River Towers, located at 106 E 3rd Street in Waterloo, has one bedroom apartments. Cedar River Towers participates in the Section 202 Supportive Housing for the Elderly program.

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Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Income Based

Cedar River Towers Details

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

Property Amenities

  • Elevator

Unit Amenities

  • Central Air
  • Window Coverings

About Cedar River Towers

Cedar River Tower is a HUD subsidized community for elderly and mobility impaired individuals with income based affordable rent. This property is located at 106 E. 3rd St. in Waterloo, IA overlooking the gorgeous Cedar River. Cedar River Tower is within walking distance or short proximity to the bus station, post office, library, and many other establishments in downtown Waterloo.

All apartments are 600 SF with one bedroom and one bath. They have new windows, all appliances, neutral finishings, and a large closet for storage. Residents will enjoy a community room with social events, onsite laundry on each floor, secured entrance, a trash shoot for easy disposal, and ALL UTILITIES PAID.

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.

Waterloo 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 Waterloo but actual income limits may differ for units at Cedar River Towers.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,650 $17,900 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% $26,100 $29,800 $33,550 $37,250 $40,250 $43,250 $46,200 $49,200
80% $41,750 $47,700 $53,650 $59,600 $64,400 $69,150 $73,950 $78,700

These general income qualifications for Waterloo, 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.

Cedar River Towers 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.

Cedar River Towers is managed by Seldin Company.

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