About This Property
Marion Manor II is a 16-unit affordable housing community in Iowa Falls, IA that serves families through low-income housing tax credit financing. The property offers eight 1-bedroom and eight 2-bedroom units and has been in service since 2012. This community provides rental housing options for households meeting low-income qualifications in Hardin County.
Property Details
Fair Market Rent - Hardin 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 | $1,135 |
| 4 Bedroom | $1,262 |
Income Limits - Hardin County, IA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,450
- Very Low (50%)
- $25,750
- Low (80%)
- $41,200
- Extremely Low (30%)
- $17,650
- Very Low (50%)
- $29,400
- Low (80%)
- $47,050
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,100
- Low (80%)
- $52,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,750
- Low (80%)
- $58,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,700
- Low (80%)
- $63,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,650
- Low (80%)
- $68,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,600
- Low (80%)
- $72,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,550
- Low (80%)
- $77,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,450 | $25,750 | $41,200 |
| 2 Persons | $17,650 | $29,400 | $47,050 |
| 3 Persons | $21,960 | $33,100 | $52,950 |
| 4 Persons | $26,500 | $36,750 | $58,800 |
| 5 Persons | $31,040 | $39,700 | $63,550 |
| 6 Persons | $35,580 | $42,650 | $68,250 |
| 7 Persons | $40,120 | $45,600 | $72,950 |
| 8 Persons | $44,660 | $48,550 | $77,650 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Iowa Falls, IA?+
The Fair Market Rent (FMR) for Hardin County, IA is: $630 (Studio), $656 (1BR), $862 (2BR), $1135 (3BR), $1262 (4BR). Actual rent at subsidized properties like Marion Manor Ii is typically 30% of household income or less.
What size apartments are available at Marion Manor Ii?+
Marion Manor Ii offers the following unit types: 8 One-Bedroom, 8 Two-Bedroom units, for a total of 16 units.
Who is eligible to live at Marion Manor Ii?+
Marion Manor Ii primarily serves families. 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 Marion Manor Ii?+
Marion Manor Ii 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 manages Marion Manor Ii?+
Marion Manor Ii is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Hardin County, IA?+
For a 4-person household in Hardin County, IA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,750, Low Income (80% AMI): $58,800. These limits are set by HUD and updated annually.
What is the price range for apartments in Iowa Falls, IA?+
Based on Fair Market Rent for Hardin County, the estimated price range is: 1-bedroom: $656, 2-bedroom: $862. Actual rent at Marion Manor Ii may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.