About This Property
Marengo Park Apts consists of 24 units designated for low-income residents in Marengo, Iowa County. The property has been in service since 1994 and provides affordable housing options to the community.
Property Details
Fair Market Rent - Iowa 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 | $696 |
| 2 Bedroom | $862 |
| 3 Bedroom | $1,215 |
| 4 Bedroom | $1,434 |
Income Limits - Iowa County, IA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,100
- Very Low (50%)
- $26,850
- Low (80%)
- $42,950
- Extremely Low (30%)
- $18,400
- Very Low (50%)
- $30,700
- Low (80%)
- $49,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,550
- Low (80%)
- $55,250
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,350
- Low (80%)
- $61,350
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,450
- Low (80%)
- $66,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,500
- Low (80%)
- $71,200
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,600
- Low (80%)
- $76,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,650
- Low (80%)
- $81,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,100 | $26,850 | $42,950 |
| 2 Persons | $18,400 | $30,700 | $49,100 |
| 3 Persons | $21,960 | $34,550 | $55,250 |
| 4 Persons | $26,500 | $38,350 | $61,350 |
| 5 Persons | $31,040 | $41,450 | $66,300 |
| 6 Persons | $35,580 | $44,500 | $71,200 |
| 7 Persons | $40,120 | $47,600 | $76,100 |
| 8 Persons | $44,660 | $50,650 | $81,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Marengo, IA?+
The Fair Market Rent (FMR) for Iowa County, IA is: $630 (Studio), $696 (1BR), $862 (2BR), $1215 (3BR), $1434 (4BR). Actual rent at subsidized properties like Marengo Park Apts is typically 30% of household income or less.
What are the income limits for affordable housing in Iowa County, IA?+
For a 4-person household in Iowa County, IA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,350, Low Income (80% AMI): $61,350. These limits are set by HUD and updated annually.
Who manages Marengo Park Apts?+
Marengo Park Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Marengo Park Apts?+
Marengo Park 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.
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.