About This Property
Southern Pointe comprises 30 units in Spencer, Iowa, with 27 designated as low-income housing. The property was placed in service in 2017 and includes 26 three-bedroom and 4 four-bedroom units designed to serve families. It is owned by a non-profit organization and financed through 9% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Northwest Iowa Regional Housing Authority
Pre-applications are accepted, and family needs are considered for invitations; declining two invitations will purge the application.
Applications must be complete. Residency preferences are based on documentation submitted within five business days. Proof of local residency is preferred. Briefings are in-person and limited to 25 seats.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Clay 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 | $700 |
| 2 Bedroom | $862 |
| 3 Bedroom | $1,142 |
| 4 Bedroom | $1,148 |
Income Limits - Clay 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 Spencer, IA?+
The Fair Market Rent (FMR) for Clay County, IA is: $630 (Studio), $700 (1BR), $862 (2BR), $1142 (3BR), $1148 (4BR). Actual rent at subsidized properties like Southern Pointe is typically 30% of household income or less.
What size apartments are available at Southern Pointe?+
Southern Pointe offers the following unit types: 26 Three-Bedroom, 4 Four-Bedroom units, for a total of 30 units.
How do I apply for housing at Southern Pointe?+
Southern Pointe 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.
Is there a waitlist for Southern Pointe?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who manages Southern Pointe?+
Southern Pointe is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Spencer, IA?+
Based on Fair Market Rent for Clay County, the estimated price range is: 3-bedroom: $1142. Actual rent at Southern Pointe may be lower for income-eligible households.
Who is eligible to live at Southern Pointe?+
Southern Pointe primarily serves families. 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 Clay County, IA?+
For a 4-person household in Clay 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.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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