About This Property
Hotel President provides 84 low-income units in Waterloo for elderly residents, with a mix of 38 studios and 46 one-bedroom apartments. The property was placed in service in 2015 and is financed through 4% Low-Income Housing Tax Credits. A non-profit organization owns and operates the community.
Waitlist Information
Waitlist managed by Waterloo Housing Authority
Accepting pre-applications for senior/disabled households, specifically for communities like Ridgeway Towers for those 62 and older, or potentially 55 and older. Applicants need Social Security Cards and photo IDs for all adult household members.
The waiting list closed due to funding limitations; existing applicants remain on the waitlist.
Waitlist data provided by section8waitlist.org
Updated June 18, 2026
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Black Hawk County, IA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $640 |
| 1 Bedroom | $737 |
| 2 Bedroom | $944 |
| 3 Bedroom | $1,250 |
| 4 Bedroom | $1,602 |
Income Limits - Black Hawk County, IA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,600
- Very Low (50%)
- $25,950
- Low (80%)
- $41,550
- Extremely Low (30%)
- $17,800
- Very Low (50%)
- $29,650
- Low (80%)
- $47,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,350
- Low (80%)
- $53,400
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,050
- Low (80%)
- $59,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,050
- Low (80%)
- $64,050
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,000
- Low (80%)
- $68,800
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,950
- Low (80%)
- $73,550
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,950
- Low (80%)
- $78,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,600 | $25,950 | $41,550 |
| 2 Persons | $17,800 | $29,650 | $47,450 |
| 3 Persons | $21,960 | $33,350 | $53,400 |
| 4 Persons | $26,500 | $37,050 | $59,300 |
| 5 Persons | $31,040 | $40,050 | $64,050 |
| 6 Persons | $35,580 | $43,000 | $68,800 |
| 7 Persons | $40,120 | $45,950 | $73,550 |
| 8 Persons | $44,660 | $48,950 | $78,300 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Waterloo, IA?+
The Fair Market Rent (FMR) for Black Hawk County, IA is: $640 (Studio), $737 (1BR), $944 (2BR), $1250 (3BR), $1602 (4BR). Actual rent at subsidized properties like Hotel President is typically 30% of household income or less.
What size apartments are available at Hotel President?+
Hotel President offers the following unit types: 38 Studio, 46 One-Bedroom units, for a total of 84 units.
How do I apply for housing at Hotel President?+
Hotel President is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Is there a waitlist for Hotel President?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What are the income limits for affordable housing in Black Hawk County, IA?+
For a 4-person household in Black Hawk County, IA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,050, Low Income (80% AMI): $59,300. These limits are set by HUD and updated annually.
What is the HUD inspection score for Hotel President?+
Hotel President has a HUD inspection score of 75 out of 100, which is considered adequate. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
Who manages Hotel President?+
Hotel President is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Hotel President?+
Hotel President primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Waterloo, IA?+
Based on Fair Market Rent for Black Hawk County, the estimated price range is: 1-bedroom: $737. Actual rent at Hotel President may be lower for income-eligible households.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Hotel President
Wc Stokes Estates
Waterloo, IA
28 UnitsRoosevelt Senior Residences
Waterloo, IA
21 UnitsMarsh Place
Waterloo, IA
25 UnitsThe Preserve At Crossroads
Waterloo, IA
96 UnitsThe Rose of Waterloo
Waterloo, IA
64 UnitsRussell Lamson
Waterloo, IA
90 Units