About This Property
Boone Sundance Apts offers 40 low-income units in Boone, Iowa, consisting of 32 two-bedroom and 8 three-bedroom apartments that serve families. The property was placed in service in 1999 and is funded through 9% Low-Income Housing Tax Credits. The community provides affordable rental housing options in Boone County.
Property Details
Fair Market Rent - Boone 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 | $614 |
| 1 Bedroom | $685 |
| 2 Bedroom | $900 |
| 3 Bedroom | $1,268 |
| 4 Bedroom | $1,348 |
Income Limits - Boone County, IA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,700
- Very Low (50%)
- $27,800
- Low (80%)
- $44,450
- Extremely Low (30%)
- $19,050
- Very Low (50%)
- $31,750
- Low (80%)
- $50,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,700
- Low (80%)
- $57,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,650
- Low (80%)
- $63,450
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,850
- Low (80%)
- $68,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $46,000
- Low (80%)
- $73,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,200
- Low (80%)
- $78,700
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,350
- Low (80%)
- $83,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,700 | $27,800 | $44,450 |
| 2 Persons | $19,050 | $31,750 | $50,800 |
| 3 Persons | $21,960 | $35,700 | $57,150 |
| 4 Persons | $26,500 | $39,650 | $63,450 |
| 5 Persons | $31,040 | $42,850 | $68,550 |
| 6 Persons | $35,580 | $46,000 | $73,650 |
| 7 Persons | $40,120 | $49,200 | $78,700 |
| 8 Persons | $44,660 | $52,350 | $83,800 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Boone, IA?+
The Fair Market Rent (FMR) for Boone County, IA is: $614 (Studio), $685 (1BR), $900 (2BR), $1268 (3BR), $1348 (4BR). Actual rent at subsidized properties like Boone Sundance Apts is typically 30% of household income or less.
What size apartments are available at Boone Sundance Apts?+
Boone Sundance Apts offers the following unit types: 32 Two-Bedroom, 8 Three-Bedroom units, for a total of 40 units.
Who is eligible to live at Boone Sundance Apts?+
Boone Sundance Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Boone County, IA?+
For a 4-person household in Boone County, IA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,650, Low Income (80% AMI): $63,450. These limits are set by HUD and updated annually.
What is the price range for apartments in Boone, IA?+
Based on Fair Market Rent for Boone County, the estimated price range is: 2-bedroom: $900, 3-bedroom: $1268. Actual rent at Boone Sundance Apts may be lower for income-eligible households.
Who manages Boone Sundance Apts?+
Boone Sundance Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Boone Sundance Apts?+
Boone Sundance Apts 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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