About This Property
The Preserve At Crossroads offers 96 low-income rental units in Waterloo, Iowa, serving families across a mix of one-, two-, and three-bedroom floor plans. Placed in service in 2011, the property contains 32 one-bedroom, 40 two-bedroom, and 24 three-bedroom units and operates under 9% Low-Income Housing Tax Credit financing. The community is managed to provide affordable housing options to eligible residents in Black Hawk County.
Waitlist Information
Waitlist managed by Waterloo Housing Authority
Ridgeway Towers Apartments are designated for those 62 and older; individuals over 55 may be eligible depending on the waiting list. It offers 1-bedroom and 2-bedroom apartments, with 2-bedroom units requiring two adult occupants.
The waiting list is closed due to funding limitations. Previously, preferences included Fostering Youth to Independence Initiative (FYI).
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
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 |
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 The Preserve At Crossroads is typically 30% of household income or less.
What size apartments are available at The Preserve At Crossroads?+
The Preserve At Crossroads offers the following unit types: 32 One-Bedroom, 40 Two-Bedroom, 24 Three-Bedroom units, for a total of 96 units.
How do I apply for housing at The Preserve At Crossroads?+
The Preserve At Crossroads 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 The Preserve At Crossroads?+
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 price range for apartments in Waterloo, IA?+
Based on Fair Market Rent for Black Hawk County, the estimated price range is: 1-bedroom: $737, 2-bedroom: $944, 3-bedroom: $1250. Actual rent at The Preserve At Crossroads may be lower for income-eligible households.
Who is eligible to live at The Preserve At Crossroads?+
The Preserve At Crossroads primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages The Preserve At Crossroads?+
The Preserve At Crossroads is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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