About This Property
Regency Villa Apartments comprises 24 one-bedroom units in Atlantic, Iowa, with 20 units designated as low-income housing. The property has been in service since 2015 and is financed through 4% Low-Income Housing Tax Credits. This non-profit-owned community serves elderly residents.
Property Details
Fair Market Rent - Cass 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 | $630 |
| 1 Bedroom | $697 |
| 2 Bedroom | $862 |
| 3 Bedroom | $1,163 |
| 4 Bedroom | $1,342 |
Income Limits - Cass 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 Atlantic, IA?+
The Fair Market Rent (FMR) for Cass County, IA is: $630 (Studio), $697 (1BR), $862 (2BR), $1163 (3BR), $1342 (4BR). Actual rent at subsidized properties like Regency Villa Apartments is typically 30% of household income or less.
What size apartments are available at Regency Villa Apartments?+
Regency Villa Apartments offers the following unit types: 24 One-Bedroom units, for a total of 24 units.
What is the price range for apartments in Atlantic, IA?+
Based on Fair Market Rent for Cass County, the estimated price range is: 1-bedroom: $697. Actual rent at Regency Villa Apartments may be lower for income-eligible households.
Who is eligible to live at Regency Villa Apartments?+
Regency Villa Apartments primarily serves elderly residents. 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 Cass County, IA?+
For a 4-person household in Cass 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 manages Regency Villa Apartments?+
Regency Villa Apartments is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Regency Villa Apartments?+
Regency Villa Apartments 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
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.