About This Property
The Rose of Waterloo provides 64 low-income residential units in Waterloo, Iowa, serving elderly residents. The community features 60 one-bedroom units and 4 two-bedroom units, and has been in service since 2007. Interested applicants can contact the property for information about availability and income eligibility requirements.
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
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 The Rose of Waterloo is typically 30% of household income or less.
What size apartments are available at The Rose of Waterloo?+
The Rose of Waterloo offers the following unit types: 60 One-Bedroom, 4 Two-Bedroom units, for a total of 64 units.
Who is eligible to live at The Rose of Waterloo?+
The Rose of Waterloo primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages The Rose of Waterloo?+
The Rose of Waterloo is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for The Rose of Waterloo?+
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 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. Actual rent at The Rose of Waterloo may be lower for income-eligible households.
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.
How do I apply for housing at The Rose of Waterloo?+
The Rose of Waterloo 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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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