About This Property
Seneca Place offers 48 apartments in Storm Lake, Iowa, including 40 units designated for low-income households. The property features a mix of one-, two-, and three-bedroom units and serves families and disabled residents. Placed in service in 1996, the community utilizes 9% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Buena Vista 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 | $688 |
| 1 Bedroom | $693 |
| 2 Bedroom | $910 |
| 3 Bedroom | $1,171 |
| 4 Bedroom | $1,212 |
Income Limits - Buena Vista County, IA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,100
- Very Low (50%)
- $25,150
- Low (80%)
- $40,250
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,750
- Low (80%)
- $46,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,350
- Low (80%)
- $51,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,900
- Low (80%)
- $57,450
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,800
- Low (80%)
- $62,050
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,650
- Low (80%)
- $66,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,550
- Low (80%)
- $71,250
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,400
- Low (80%)
- $75,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,100 | $25,150 | $40,250 |
| 2 Persons | $17,420 | $28,750 | $46,000 |
| 3 Persons | $21,960 | $32,350 | $51,750 |
| 4 Persons | $26,500 | $35,900 | $57,450 |
| 5 Persons | $31,040 | $38,800 | $62,050 |
| 6 Persons | $35,580 | $41,650 | $66,650 |
| 7 Persons | $40,120 | $44,550 | $71,250 |
| 8 Persons | $44,660 | $47,400 | $75,850 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Storm Lake, IA?+
The Fair Market Rent (FMR) for Buena Vista County, IA is: $688 (Studio), $693 (1BR), $910 (2BR), $1171 (3BR), $1212 (4BR). Actual rent at subsidized properties like Seneca Place is typically 30% of household income or less.
What size apartments are available at Seneca Place?+
Seneca Place offers the following unit types: 12 One-Bedroom, 26 Two-Bedroom, 10 Three-Bedroom units, for a total of 48 units.
How do I apply for housing at Seneca Place?+
Seneca Place 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 Buena Vista County, IA?+
For a 4-person household in Buena Vista County, IA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,900, Low Income (80% AMI): $57,450. These limits are set by HUD and updated annually.
Who is eligible to live at Seneca Place?+
Seneca Place primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Storm Lake, IA?+
Based on Fair Market Rent for Buena Vista County, the estimated price range is: 1-bedroom: $693, 2-bedroom: $910, 3-bedroom: $1171. Actual rent at Seneca Place may be lower for income-eligible households.
Who manages Seneca Place?+
Seneca Place is managed by . You can reach them at . Visit their website for more information.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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