Low Income (LIHTC)Waitlist Open

Lantern Park Apts (Waverly)

907 6th St NW Apt 5, Waverly, IA, 50677

Information verified April 18, 2026·We re-check waiting list status daily

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About This Property

Lantern Park Apts consists of 16 low-income units in Waverly, Iowa and has been in service since 1992. The property provides affordable housing options within Bremer County. Interested parties can contact the property management for additional information regarding availability and leasing.

Waitlist Information

Waitlist managed by Iowa Northland Regional Housing Authority

Public Housing Waitlist

Open

Apply: Multiple

Preferences are given to families with dependents under 18, elderly (62 or above), or disabled individuals who live or work within INRHA's jurisdiction (Bremer, Buchanan, Butler, Chickasaw, Grundy, and Black Hawk counties, excluding Waterloo, Cedar Falls, and Evansdale).

Last verified February 6, 2026

Section 8 (HCV) Waitlist

Open

Apply: Multiple

Preferences are granted to families with dependents under 18, elderly (62 or above), or disabled individuals who live or work within INRHA's jurisdiction (Bremer, Buchanan, Butler, Chickasaw, Grundy, and Black Hawk counties, excluding Waterloo, Cedar Falls, and Evansdale). Estimated wait time for applicants with preference is one year or more.

Last verified February 13, 2026

Waitlist data provided by section8waitlist.org

Updated April 17, 2026

Property Details

Total Units

Fair Market Rent - Bremer 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	$650
1 Bedroom	$676
2 Bedroom	$888
3 Bedroom	$1,145
4 Bedroom	$1,183

Income Limits - Bremer County, IA

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $18,650
Very Low (50%): $31,050
Low (80%): $49,700

2 Persons

Extremely Low (30%): $21,300
Very Low (50%): $35,500
Low (80%): $56,800

3 Persons

Extremely Low (30%): $23,950
Very Low (50%): $39,950
Low (80%): $63,900

4 Persons

Extremely Low (30%): $26,600
Very Low (50%): $44,350
Low (80%): $70,950

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $47,900
Low (80%): $76,650

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $51,450
Low (80%): $82,350

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $55,000
Low (80%): $88,000

8 Persons

Extremely Low (30%): $44,660
Very Low (50%): $58,550
Low (80%): $93,700

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$18,650	$31,050	$49,700
2 Persons	$21,300	$35,500	$56,800
3 Persons	$23,950	$39,950	$63,900
4 Persons	$26,600	$44,350	$70,950
5 Persons	$31,040	$47,900	$76,650
6 Persons	$35,580	$51,450	$82,350
7 Persons	$40,120	$55,000	$88,000
8 Persons	$44,660	$58,550	$93,700

Tax Credit Program Details

Year Placed in Service

1992

Low-Income Units

16 / 16

Frequently Asked Questions

What is the average rent for affordable housing in Waverly, IA?+

The Fair Market Rent (FMR) for Bremer County, IA is: $650 (Studio), $676 (1BR), $888 (2BR), $1145 (3BR), $1183 (4BR). Actual rent at subsidized properties like Lantern Park Apts (Waverly) is typically 30% of household income or less.

What are the income limits for affordable housing in Bremer County, IA?+

For a 4-person household in Bremer County, IA, the income limits are: Extremely Low Income (30% AMI): $26,600, Very Low Income (50% AMI): $44,350, Low Income (80% AMI): $70,950. These limits are set by HUD and updated annually.

How do I apply for housing at Lantern Park Apts (Waverly)?+

Lantern Park Apts (Waverly) is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 Lantern Park Apts (Waverly)?+

Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.

Who manages Lantern Park Apts (Waverly)?+

Lantern Park Apts (Waverly) is managed by . You can reach them at .

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