About This Property
Prairie Ridge contains 24 low-income residential units in Sheldon, Iowa, serving families through a mix of eight one-bedroom and eight two-bedroom apartments. The property has been in service since 2014 and operates as a non-profit-owned community utilizing 4% Low-Income Housing Tax Credits. Prospective residents can contact the property directly for current availability and lease information.
Property Details
Fair Market Rent - O'Brien 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 | $630 |
| 1 Bedroom | $656 |
| 2 Bedroom | $862 |
| 3 Bedroom | $1,144 |
| 4 Bedroom | $1,148 |
Income Limits - O'Brien County, IA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,250
- Very Low (50%)
- $25,400
- Low (80%)
- $40,600
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $29,000
- Low (80%)
- $46,400
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,650
- Low (80%)
- $52,200
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,250
- Low (80%)
- $58,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,150
- Low (80%)
- $62,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,050
- Low (80%)
- $67,300
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,950
- Low (80%)
- $71,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,850
- Low (80%)
- $76,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,250 | $25,400 | $40,600 |
| 2 Persons | $17,420 | $29,000 | $46,400 |
| 3 Persons | $21,960 | $32,650 | $52,200 |
| 4 Persons | $26,500 | $36,250 | $58,000 |
| 5 Persons | $31,040 | $39,150 | $62,650 |
| 6 Persons | $35,580 | $42,050 | $67,300 |
| 7 Persons | $40,120 | $44,950 | $71,950 |
| 8 Persons | $44,660 | $47,850 | $76,600 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Sheldon, IA?+
The Fair Market Rent (FMR) for O'Brien County, IA is: $630 (Studio), $656 (1BR), $862 (2BR), $1144 (3BR), $1148 (4BR). Actual rent at subsidized properties like Prairie Ridge is typically 30% of household income or less.
What size apartments are available at Prairie Ridge?+
Prairie Ridge offers the following unit types: 8 One-Bedroom, 8 Two-Bedroom units, for a total of 24 units.
Who is eligible to live at Prairie Ridge?+
Prairie Ridge primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in O'Brien County, IA?+
For a 4-person household in O'Brien County, IA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,250, Low Income (80% AMI): $58,000. These limits are set by HUD and updated annually.
Who manages Prairie Ridge?+
Prairie Ridge is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Prairie Ridge?+
Prairie Ridge 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 Sheldon, IA?+
Based on Fair Market Rent for O'Brien County, the estimated price range is: 1-bedroom: $656, 2-bedroom: $862. Actual rent at Prairie Ridge may be lower for income-eligible households.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.