Affordable Housing In Winneshiek County

5 Low Income Apartment Communities In Winneshiek County

Heritage Haven Decorah

509 Goose Island Dr
Decorah, IA
Income Based
Studio-1 BR
Elderly Supportive Housing

Oneota Village

5 Ohio St
Decorah, IA

Washington Court Apartments

510 Washington St
Decorah, IA
HCV Welcome

Pyramid Properties

708 Maiden Ln
Decorah, IA
HCV Welcome

NE Iowa Comm. Action

507 W Elm St
Calmar, IA
HCV Welcome
  • «
  • 1
  • »

Other Housing Authorities located in Winneshiek County

Housing Authority Programs
Low Rent Housing Agency of Decorah Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Winneshiek County, Iowa

There are 5 low income housing apartment communities offering 87 affordable apartments for rent in Winneshiek County, Iowa. Winneshiek County features 58 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 29 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Winneshiek County.

Sourced from federal housing data and research.

Winneshiek County, IA Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 87
Total Housing Units with Rental Assistance 58
Percentage of Housing Units Occupied By Renters 23.02%
Average Renter Household Size 1.78
Average Household Size 2.24
Median Household Income $54,429 ±$2,466
Median Rent $588 ±$20
Percentage Of Renters Overburdened 31.28% ± 5.66pp
Total Population 20,884

Population and Household Demographics

Winneshiek County is a County in Iowa with a population of 20,884. There are 8,248 households in the county with an average household size of 2.24 persons. 23.02% of households in Winneshiek County are renters.

Income and Rent Overburden in Winneshiek County

The median gross income for households in Winneshiek County is $54,429 a year, or $4,536 a month. The median rent for the county is $588 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Winneshiek County, a household making less than $1,960 a month would be considered overburdened when renting an apartment at or above the median rent. 31.28% of households who rent are overburdened in Winneshiek County.1

Area Median Income In Winneshiek 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 Winneshiek County, HUD calculates the Area Median Income for a family of four as $76,100

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 Winneshiek 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 Winneshiek County HUD Rental Assistance in Winneshiek County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,000 $18,300 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,650 $30,450 $34,250 $38,050 $41,100 $44,150 $47,200 $50,250
80% of Median $42,650 $48,750 $54,850 $60,900 $65,800 $70,650 $75,550 $80,400
Low Income Housing Tax Credits in Winneshiek County

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

From 1987 to 1998, 2 low income apartment communities containing 22 rental apartments have been constructed and made affordable to low income persons in Winneshiek 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 Winneshiek County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $26,650 $30,450 $34,250 $38,050 $41,100 $44,150 $47,200 $50,250
60% of Median $31,980 $36,540 $41,100 $45,660 $49,320 $52,980 $56,640 $60,300

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 Winneshiek County is $41,100 a year, or $3,425 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,425 by 30% to get a maximum rent of $1,028 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% $666 $714 $856 $989 $1,104 $1,218
60% $800 $857 $1,028 $1,187 $1,325 $1,462
Fair Market Rents in Winneshiek 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
$497 $522 $687 $937 $940

Cities In Winneshiek County

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

City Listings Served By
Decorah 4 The HUD funded Public Housing Agency that serves Decorah is the Low Rent Housing Agency of Decorah.
Fort Atkinson 0
Ossian 0
Calmar 1
Castalia 0
Ridgeway 0
Spillville 0
Burr Oak 0
Jackson Junction 0