About This Property
Bishop Hill Apts offers 24 low-income units in Tipton, Iowa, comprising eight one-bedroom and sixteen two-bedroom apartments. The property, placed in service in 1997, serves families and individuals with disabilities through 9% Low-Income Housing Tax Credit financing. Management and leasing information are available upon request.
Property Details
Fair Market Rent - Cedar 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 | $673 |
| 1 Bedroom | $702 |
| 2 Bedroom | $922 |
| 3 Bedroom | $1,153 |
| 4 Bedroom | $1,228 |
Income Limits - Cedar County, IA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,900
- Very Low (50%)
- $29,850
- Low (80%)
- $47,750
- Extremely Low (30%)
- $20,450
- Very Low (50%)
- $34,100
- Low (80%)
- $54,550
- Extremely Low (30%)
- $23,000
- Very Low (50%)
- $38,350
- Low (80%)
- $61,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,600
- Low (80%)
- $68,150
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $46,050
- Low (80%)
- $73,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $49,450
- Low (80%)
- $79,100
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $52,850
- Low (80%)
- $84,550
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $56,250
- Low (80%)
- $90,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,900 | $29,850 | $47,750 |
| 2 Persons | $20,450 | $34,100 | $54,550 |
| 3 Persons | $23,000 | $38,350 | $61,350 |
| 4 Persons | $26,500 | $42,600 | $68,150 |
| 5 Persons | $31,040 | $46,050 | $73,650 |
| 6 Persons | $35,580 | $49,450 | $79,100 |
| 7 Persons | $40,120 | $52,850 | $84,550 |
| 8 Persons | $44,660 | $56,250 | $90,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Tipton, IA?+
The Fair Market Rent (FMR) for Cedar County, IA is: $673 (Studio), $702 (1BR), $922 (2BR), $1153 (3BR), $1228 (4BR). Actual rent at subsidized properties like Bishop Hill Apts is typically 30% of household income or less.
What size apartments are available at Bishop Hill Apts?+
Bishop Hill Apts offers the following unit types: 8 One-Bedroom, 16 Two-Bedroom units, for a total of 24 units.
What are the income limits for affordable housing in Cedar County, IA?+
For a 4-person household in Cedar County, IA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,600, Low Income (80% AMI): $68,150. These limits are set by HUD and updated annually.
What is the price range for apartments in Tipton, IA?+
Based on Fair Market Rent for Cedar County, the estimated price range is: 1-bedroom: $702, 2-bedroom: $922. Actual rent at Bishop Hill Apts may be lower for income-eligible households.
Who manages Bishop Hill Apts?+
Bishop Hill Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Bishop Hill Apts?+
Bishop Hill Apts primarily serves families, persons with disabilities. 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 Bishop Hill Apts?+
Bishop Hill 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.
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Nearby Schools
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