About This Property
Lincoln Terrace offers 15 low-income units in Oskaloosa, Iowa, designed to serve elderly residents. The property includes 13 one-bedroom and 2 two-bedroom units and has been in service since 2009. A non-profit organization owns and manages the property, which receives HOME program funding.
Waitlist Information
Waitlist managed by Oskaloosa Municipal Housing Agency
Waiting lists for public housing programs in Oskaloosa, Iowa are currently closed. Applications are considered based on family needs and declining two invitations will purge an application from the waitlist.
Waiting lists are sorted by random lottery or by the date and time applications were received. Eligibility generally requires household income not to exceed 50% of the median income, with 75% of vouchers going to those whose incomes do not exceed 30% of the area median income.
Waitlist data provided by section8waitlist.org
Updated June 18, 2026
Property Details
Fair Market Rent - Mahaska 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 | $588 |
| 1 Bedroom | $663 |
| 2 Bedroom | $867 |
| 3 Bedroom | $1,048 |
| 4 Bedroom | $1,159 |
Income Limits - Mahaska 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 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Oskaloosa, IA?+
The Fair Market Rent (FMR) for Mahaska County, IA is: $588 (Studio), $663 (1BR), $867 (2BR), $1048 (3BR), $1159 (4BR). Actual rent at subsidized properties like Lincoln Terrace is typically 30% of household income or less.
What size apartments are available at Lincoln Terrace?+
Lincoln Terrace offers the following unit types: 13 One-Bedroom, 2 Two-Bedroom units, for a total of 15 units.
Is there a waitlist for Lincoln Terrace?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who manages Lincoln Terrace?+
Lincoln Terrace is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Lincoln Terrace?+
Lincoln Terrace primarily serves elderly residents. 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 Lincoln Terrace?+
Lincoln Terrace 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 Oskaloosa, IA?+
Based on Fair Market Rent for Mahaska County, the estimated price range is: 1-bedroom: $663, 2-bedroom: $867. Actual rent at Lincoln Terrace may be lower for income-eligible households.
What are the income limits for affordable housing in Mahaska County, IA?+
For a 4-person household in Mahaska 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
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Lincoln Terrace
Oskaloosa Iha Senior Housing I
Oskaloosa, IA
24 UnitsOskaloosa Park Apts
Oskaloosa, IA
24 UnitsOskaloosa Iha Senior Housing Ii
Oskaloosa, IA
24 UnitsSouthern Hills Apts Phase Ii
Oskaloosa, IA
30 Units
Area Xv
Eddyville, IA
1 UnitsSouthern Hills Apts Phase I
Oskaloosa, IA
30 Units