About This Property
Twin Oaks Manor contains 16 one-bedroom units designated for low-income households in Denmark, Iowa. The property has served elderly and disabled residents since 1999 and operates with 9% Low-Income Housing Tax Credit financing. Interested applicants can contact the property management for current availability and application information.
Property Details
Fair Market Rent - Lee 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 | $598 |
| 1 Bedroom | $672 |
| 2 Bedroom | $882 |
| 3 Bedroom | $1,185 |
| 4 Bedroom | $1,207 |
Income Limits - Lee 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 Denmark, IA?+
The Fair Market Rent (FMR) for Lee County, IA is: $598 (Studio), $672 (1BR), $882 (2BR), $1185 (3BR), $1207 (4BR). Actual rent at subsidized properties like Twin Oaks Manor is typically 30% of household income or less.
What size apartments are available at Twin Oaks Manor?+
Twin Oaks Manor offers the following unit types: 16 One-Bedroom units, for a total of 16 units.
Who manages Twin Oaks Manor?+
Twin Oaks Manor is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Twin Oaks Manor?+
Twin Oaks Manor primarily serves elderly residents, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Denmark, IA?+
Based on Fair Market Rent for Lee County, the estimated price range is: 1-bedroom: $672. Actual rent at Twin Oaks Manor may be lower for income-eligible households.
How do I apply for housing at Twin Oaks Manor?+
Twin Oaks Manor 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 are the income limits for affordable housing in Lee County, IA?+
For a 4-person household in Lee 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.
Contact Information
Location
Lee County, IA
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