About This Property
The Meadows Lake Congregate Care in Clear Lake offers 24 units of housing, including 10 designated for low-income residents. This property has served elderly and disabled residents since 1990 and provides congregate care services to its tenants.
Property Details
Fair Market Rent - Cerro Gordo 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 | $649 |
| 1 Bedroom | $677 |
| 2 Bedroom | $889 |
| 3 Bedroom | $1,145 |
| 4 Bedroom | $1,323 |
Income Limits - Cerro Gordo County, IA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,500
- Very Low (50%)
- $25,800
- Low (80%)
- $41,300
- Extremely Low (30%)
- $17,700
- Very Low (50%)
- $29,500
- Low (80%)
- $47,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,200
- Low (80%)
- $53,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,850
- Low (80%)
- $58,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,800
- Low (80%)
- $63,700
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,750
- Low (80%)
- $68,400
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,700
- Low (80%)
- $73,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,650
- Low (80%)
- $77,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,500 | $25,800 | $41,300 |
| 2 Persons | $17,700 | $29,500 | $47,200 |
| 3 Persons | $21,960 | $33,200 | $53,100 |
| 4 Persons | $26,500 | $36,850 | $58,950 |
| 5 Persons | $31,040 | $39,800 | $63,700 |
| 6 Persons | $35,580 | $42,750 | $68,400 |
| 7 Persons | $40,120 | $45,700 | $73,100 |
| 8 Persons | $44,660 | $48,650 | $77,850 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Clear Lake, IA?+
The Fair Market Rent (FMR) for Cerro Gordo County, IA is: $649 (Studio), $677 (1BR), $889 (2BR), $1145 (3BR), $1323 (4BR). Actual rent at subsidized properties like The Meadows Lake Congregate Care is typically 30% of household income or less.
What are the income limits for affordable housing in Cerro Gordo County, IA?+
For a 4-person household in Cerro Gordo County, IA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,850, Low Income (80% AMI): $58,950. These limits are set by HUD and updated annually.
Who manages The Meadows Lake Congregate Care?+
The Meadows Lake Congregate Care is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at The Meadows Lake Congregate Care?+
The Meadows Lake Congregate Care 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 is eligible to live at The Meadows Lake Congregate Care?+
The Meadows Lake Congregate Care primarily serves elderly residents, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near The Meadows Lake Congregate Care
Pebble Creek Apts Phase Ii
Mason City, IA
33 UnitsLake Plaza Apts Ii
Clear Lake, IA
23 UnitsPebble Creek Apts
Mason City, IA
32 UnitsLegacy Manor of Mason City Ii
Mason City, IA
48 UnitsLegacy Manor of Mason City
Mason City, IA
48 UnitsMeadow Lake Apts
Clear Lake, IA
32 Units