About This Property
Winfield Village comprises 24 low-income housing units in Winfield, Iowa, serving families and disabled residents. The property offers a balanced unit mix of eight 1-bedroom, eight 2-bedroom, and eight 3-bedroom apartments and was placed in service in 1997. The development receives 9% Low-Income Housing Tax Credit financing.
Property Details
Fair Market Rent - Henry 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 | $641 |
| 1 Bedroom | $682 |
| 2 Bedroom | $877 |
| 3 Bedroom | $1,214 |
| 4 Bedroom | $1,293 |
Income Limits - Henry 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 Winfield, IA?+
The Fair Market Rent (FMR) for Henry County, IA is: $641 (Studio), $682 (1BR), $877 (2BR), $1214 (3BR), $1293 (4BR). Actual rent at subsidized properties like Winfield Village is typically 30% of household income or less.
What size apartments are available at Winfield Village?+
Winfield Village offers the following unit types: 8 One-Bedroom, 8 Two-Bedroom, 8 Three-Bedroom units, for a total of 24 units.
What are the income limits for affordable housing in Henry County, IA?+
For a 4-person household in Henry 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.
Who is eligible to live at Winfield Village?+
Winfield Village 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 Winfield Village?+
Winfield Village is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Winfield Village?+
Winfield Village 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 is the price range for apartments in Winfield, IA?+
Based on Fair Market Rent for Henry County, the estimated price range is: 1-bedroom: $682, 2-bedroom: $877, 3-bedroom: $1214. Actual rent at Winfield Village 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.