About This Property
Lantern Park Apts offers 24 low-income units in Charles City, Iowa. The community was placed in service in 1991 and serves Floyd County residents.
Waitlist Information
Waitlist managed by Charles City Housing and Redev Authority
Applicants must meet income guidelines to be placed on the waiting list. Applicants are offered units based on placement on the waiting list, which is determined by date and time of receipt of pre-application, and the size of unit the family is eligible to rent. Local residents may be eligible for residency preference.
Applicants are selected from the waiting list based on date and time their application was received. Preference is given to applicants living/working within the city limits of Charles City IA, or 62+ years old, or disabled. Applicants must be income eligible to be placed onto any waiting list.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Floyd 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 | $658 |
| 1 Bedroom | $663 |
| 2 Bedroom | $862 |
| 3 Bedroom | $1,144 |
| 4 Bedroom | $1,148 |
Income Limits - Floyd 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Charles City, IA?+
The Fair Market Rent (FMR) for Floyd County, IA is: $658 (Studio), $663 (1BR), $862 (2BR), $1144 (3BR), $1148 (4BR). Actual rent at subsidized properties like Lantern Park Apts (Charles City) is typically 30% of household income or less.
What are the income limits for affordable housing in Floyd County, IA?+
For a 4-person household in Floyd 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.
How do I apply for housing at Lantern Park Apts (Charles City)?+
Lantern Park Apts (Charles City) is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 manages Lantern Park Apts (Charles City)?+
Lantern Park Apts (Charles City) is managed by . You can reach them at .
Is there a waitlist for Lantern Park Apts (Charles City)?+
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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
