Affordable Housing In Winnebago County
Iowa

2 Low Income Apartment Communities In Winnebago County

Eastgate Apartments

104 S Iowa St
Lake Mills, IA
HCV Welcome

Eastgate 02 - 1

225 W Main St
Lake Mills, IA
Subsidized
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There are 2 low income housing apartment complexes which contain 40 affordable apartments for rent in Winnebago County. Many of these rental apartments are income based housing with 32 apartments that set rent based on your income. In Winnebago County, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 8 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Winnebago County

Housing Authority Programs
North Iowa Regional Housing Authority Public Housing

Guide To Affordable Housing in Winnebago County, Iowa

Winnebago County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 40
Total Rent Assisted Apartments 32
Percentage of Housing Units Occupied By Renters 24.61%
Average Renter Household Size 1.84
Total Population 10,614
Housing Units 4,580
Average Household Size 2.20
Median Household Income $47,668 ±$2,807
Median Rent $515 ±$51
Percentage Of Renters Overburdened 30.88% ± 6.94pp

Population and Household Demographics

Winnebago County is a County in Iowa with a population of 10,614. There are 4,580 households in the county with an average household size of 2.20 persons. 24.61% of households in Winnebago County are renters.

Income and Rent Overburden in Winnebago County

The median gross income for households in Winnebago County is $47,668 a year, or $3,972 a month. The median rent for the county is $515 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Winnebago County, a household making less than $1,717 a month would be considered overburdened when renting an apartment at or above the median rent. 30.88% of households who rent are overburdened in Winnebago County.1

Area Median Income In Winnebago 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 Winnebago County, HUD calculates the Area Median Income for a family of four as $65,000

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 Winnebago 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 Winnebago County HUD Rental Assistance in Winnebago 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 Winnebago 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 1992, 1 low income apartment communities containing 24 rental apartments have been constructed and made affordable to low income persons in Winnebago 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 Winnebago 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 Winnebago 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 Winnebago 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 $510 $664 $960 $971

Cities In Winnebago County

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

City Listings Served By
Lake Mills 2 The HUD funded Public Housing Agency that serves Lake Mills is the North Iowa Regional Housing Authority.
Leland 0 The HUD funded Public Housing Agency that serves Leland is the North Iowa Regional Housing Authority.
Rake 0 The HUD funded Public Housing Agency that serves Rake is the North Iowa Regional Housing Authority.
Scarville 0 The HUD funded Public Housing Agency that serves Scarville is the North Iowa Regional Housing Authority.
Thompson 0 The HUD funded Public Housing Agency that serves Thompson is the North Iowa Regional Housing Authority.
Buffalo Center 0 The HUD funded Public Housing Agency that serves Buffalo Center is the North Iowa Regional Housing Authority.