About This Property
Meadow Wood of Pella is a 30-unit affordable housing community in Pella, Iowa that has been in service since 1995. The property contains 16 two-bedroom and 14 three-bedroom units designated for low-income residents and is financed through 9% Low-Income Housing Tax Credits. The community serves Marion County and provides rental housing options for families in the area.
Property Details
Fair Market Rent - Marion 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 | $638 |
| 1 Bedroom | $737 |
| 2 Bedroom | $941 |
| 3 Bedroom | $1,138 |
| 4 Bedroom | $1,253 |
Income Limits - Marion County, IA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,000
- Very Low (50%)
- $26,650
- Low (80%)
- $42,650
- Extremely Low (30%)
- $18,300
- Very Low (50%)
- $30,450
- Low (80%)
- $48,750
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,250
- Low (80%)
- $54,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,050
- Low (80%)
- $60,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,100
- Low (80%)
- $65,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,150
- Low (80%)
- $70,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,200
- Low (80%)
- $75,550
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,250
- Low (80%)
- $80,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,000 | $26,650 | $42,650 |
| 2 Persons | $18,300 | $30,450 | $48,750 |
| 3 Persons | $21,960 | $34,250 | $54,850 |
| 4 Persons | $26,500 | $38,050 | $60,900 |
| 5 Persons | $31,040 | $41,100 | $65,800 |
| 6 Persons | $35,580 | $44,150 | $70,650 |
| 7 Persons | $40,120 | $47,200 | $75,550 |
| 8 Persons | $44,660 | $50,250 | $80,400 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Pella, IA?+
The Fair Market Rent (FMR) for Marion County, IA is: $638 (Studio), $737 (1BR), $941 (2BR), $1138 (3BR), $1253 (4BR). Actual rent at subsidized properties like Meadow Wood of Pella is typically 30% of household income or less.
What size apartments are available at Meadow Wood of Pella?+
Meadow Wood of Pella offers the following unit types: 16 Two-Bedroom, 14 Three-Bedroom units, for a total of 30 units.
What is the price range for apartments in Pella, IA?+
Based on Fair Market Rent for Marion County, the estimated price range is: 2-bedroom: $941, 3-bedroom: $1138. Actual rent at Meadow Wood of Pella may be lower for income-eligible households.
What are the income limits for affordable housing in Marion County, IA?+
For a 4-person household in Marion County, IA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,050, Low Income (80% AMI): $60,900. These limits are set by HUD and updated annually.
Who manages Meadow Wood of Pella?+
Meadow Wood of Pella is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Meadow Wood of Pella?+
Meadow Wood of Pella 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.
Contact Information
Walk Score
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Nearby Schools
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