About This Property
Silver Lake Apts offers 10 low-income residential units in Lake Park, Iowa, consisting of four 1-bedroom and six 2-bedroom apartments. The property, placed in service in 1996, serves families and disabled residents through 9% Low-Income Housing Tax Credit funding. A non-profit organization owns and operates the community.
Property Details
Fair Market Rent - Dickinson 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 | $789 |
| 1 Bedroom | $794 |
| 2 Bedroom | $1,043 |
| 3 Bedroom | $1,261 |
| 4 Bedroom | $1,389 |
Income Limits - Dickinson County, IA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,700
- Very Low (50%)
- $27,800
- Low (80%)
- $44,450
- Extremely Low (30%)
- $19,050
- Very Low (50%)
- $31,750
- Low (80%)
- $50,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,700
- Low (80%)
- $57,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,650
- Low (80%)
- $63,450
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,850
- Low (80%)
- $68,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $46,000
- Low (80%)
- $73,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,200
- Low (80%)
- $78,700
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,350
- Low (80%)
- $83,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,700 | $27,800 | $44,450 |
| 2 Persons | $19,050 | $31,750 | $50,800 |
| 3 Persons | $21,960 | $35,700 | $57,150 |
| 4 Persons | $26,500 | $39,650 | $63,450 |
| 5 Persons | $31,040 | $42,850 | $68,550 |
| 6 Persons | $35,580 | $46,000 | $73,650 |
| 7 Persons | $40,120 | $49,200 | $78,700 |
| 8 Persons | $44,660 | $52,350 | $83,800 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lake Park, IA?+
The Fair Market Rent (FMR) for Dickinson County, IA is: $789 (Studio), $794 (1BR), $1043 (2BR), $1261 (3BR), $1389 (4BR). Actual rent at subsidized properties like Silver Lake Apts is typically 30% of household income or less.
What size apartments are available at Silver Lake Apts?+
Silver Lake Apts offers the following unit types: 4 One-Bedroom, 6 Two-Bedroom units, for a total of 10 units.
What are the income limits for affordable housing in Dickinson County, IA?+
For a 4-person household in Dickinson County, IA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,650, Low Income (80% AMI): $63,450. These limits are set by HUD and updated annually.
How do I apply for housing at Silver Lake Apts?+
Silver Lake 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.
Who is eligible to live at Silver Lake Apts?+
Silver Lake 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.
Who manages Silver Lake Apts?+
Silver Lake Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Lake Park, IA?+
Based on Fair Market Rent for Dickinson County, the estimated price range is: 1-bedroom: $794, 2-bedroom: $1043. Actual rent at Silver Lake Apts may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
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