About This Property
The Reserves At Storm Lake is a 32-unit affordable housing community in Storm Lake, Iowa that has been serving families since 2014. The property includes 31 low-income units with a mix of 16 two-bedroom floor plans. It is financed through 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 The Reserves At Storm Lake is typically 30% of household income or less.
What size apartments are available at The Reserves At Storm Lake?+
The Reserves At Storm Lake offers the following unit types: 16 Two-Bedroom units, for a total of 32 units.
Who is eligible to live at The Reserves At Storm Lake?+
The Reserves At Storm Lake primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at The Reserves At Storm Lake?+
The Reserves At Storm Lake 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.
Who manages The Reserves At Storm Lake?+
The Reserves At Storm Lake is managed by . You can reach them at . Visit their website for more information.
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.
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: 2-bedroom: $910. Actual rent at The Reserves At Storm Lake may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.