About This Property
Newton Senior Residence comprises 53 two-bedroom units designed for elderly residents in Newton, Iowa. The property, which was placed in service in 2015, operates as a low-income housing community supported by 9% Low-Income Housing Tax Credits. Management and contact information are available upon request.
Property Details
Fair Market Rent - Jasper 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 | $652 |
| 1 Bedroom | $656 |
| 2 Bedroom | $862 |
| 3 Bedroom | $1,198 |
| 4 Bedroom | $1,235 |
Income Limits - Jasper 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 Newton, IA?+
The Fair Market Rent (FMR) for Jasper County, IA is: $652 (Studio), $656 (1BR), $862 (2BR), $1198 (3BR), $1235 (4BR). Actual rent at subsidized properties like Newton Senior Residence is typically 30% of household income or less.
What size apartments are available at Newton Senior Residence?+
Newton Senior Residence offers the following unit types: 53 Two-Bedroom units, for a total of 53 units.
What are the income limits for affordable housing in Jasper County, IA?+
For a 4-person household in Jasper 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.
What is the price range for apartments in Newton, IA?+
Based on Fair Market Rent for Jasper County, the estimated price range is: 2-bedroom: $862. Actual rent at Newton Senior Residence may be lower for income-eligible households.
Who is eligible to live at Newton Senior Residence?+
Newton Senior Residence primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Newton Senior Residence?+
Newton Senior Residence is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Newton Senior Residence?+
Newton Senior Residence 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
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Newton Senior Residence
Jewel Apts
Newton, IA
15 Units
Cirha Public Housing
Newton, IA
1 UnitsWoodland Heights Apts
Newton, IA
54 UnitsCandleridge of Newton
Newton, IA
23 UnitsHotel Maytag
Newton, IA
45 UnitsNewton Plaza Apts
Newton, IA
24 Units