About This Property
Shady Creek Apts offers 48 units in Pella, Iowa, with 24 designated as low-income housing. The property includes 15 one-bedroom and 9 two-bedroom units and serves families and disabled residents through 9% LIHTC financing and tax-exempt bonds. The community has been in service since 2000.
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 Shady Creek Apts is typically 30% of household income or less.
What size apartments are available at Shady Creek Apts?+
Shady Creek Apts offers the following unit types: 15 One-Bedroom, 9 Two-Bedroom units, for a total of 48 units.
How do I apply for housing at Shady Creek Apts?+
Shady Creek 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.
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 Shady Creek Apts?+
Shady Creek Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Pella, IA?+
Based on Fair Market Rent for Marion County, the estimated price range is: 1-bedroom: $737, 2-bedroom: $941. Actual rent at Shady Creek Apts may be lower for income-eligible households.
Who is eligible to live at Shady Creek Apts?+
Shady Creek Apts primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.