About This Property
Lamoni Assisted Living provides 8 units of housing in Lamoni, Iowa, with 7 units designated as low-income housing. The property, which opened in 2007, serves elderly residents and offers a mix of 6 studio and 2 one-bedroom units. A non-profit organization owns and manages the community.
Property Details
Fair Market Rent - Decatur 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 | $656 |
| 2 Bedroom | $862 |
| 3 Bedroom | $1,042 |
| 4 Bedroom | $1,463 |
Income Limits - Decatur 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 Lamoni, IA?+
The Fair Market Rent (FMR) for Decatur County, IA is: $630 (Studio), $656 (1BR), $862 (2BR), $1042 (3BR), $1463 (4BR). Actual rent at subsidized properties like Lamoni Assisted Living is typically 30% of household income or less.
What size apartments are available at Lamoni Assisted Living?+
Lamoni Assisted Living offers the following unit types: 6 Studio, 2 One-Bedroom units, for a total of 8 units.
What is the price range for apartments in Lamoni, IA?+
Based on Fair Market Rent for Decatur County, the estimated price range is: 1-bedroom: $656. Actual rent at Lamoni Assisted Living may be lower for income-eligible households.
Who manages Lamoni Assisted Living?+
Lamoni Assisted Living is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Lamoni Assisted Living?+
Lamoni Assisted Living primarily serves elderly residents. 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 Lamoni Assisted Living?+
Lamoni Assisted Living 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.
What are the income limits for affordable housing in Decatur County, IA?+
For a 4-person household in Decatur 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.
