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
The Public Housing waiting list is currently accepting pre-applications for senior/disabled households. The WHA does not offer a Public Housing program for families. Ridgeway Towers, a public housing community, is designated for those 62 and older, with individuals over 55 potentially eligible depending on the waiting list; two-bedroom apartments must be rented to two adults.
The Housing Choice Voucher (HCV) waiting list is closed due to funding limitations from HUD, effective January 23, 2026. The closure also applies to HUD-Veterans Affairs Supportive Housing (VASH) and Foster Youth to Independence Initiative (FYI) programs.
Waitlist data provided by section8waitlist.org
Updated May 28, 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 |
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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.
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.
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.
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.
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.
Who manages Hotel President?+
Hotel President is managed by . You can reach them at . Visit their website for more information.
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.
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