About This Property
Prairie Ridge Apts comprises 24 low-income units in Sheldon, Iowa, featuring a mix of one-, two-, and three-bedroom floor plans with eight units each. The property was placed in service in 1997 and utilizes 4% Low-Income Housing Tax Credit financing to serve families. Units are available for households meeting income eligibility requirements.
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 Apts is typically 30% of household income or less.
What size apartments are available at Prairie Ridge Apts?+
Prairie Ridge Apts offers the following unit types: 8 One-Bedroom, 8 Two-Bedroom, 8 Three-Bedroom units, for a total of 24 units.
How do I apply for housing at Prairie Ridge Apts?+
Prairie Ridge Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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.
Who is eligible to live at Prairie Ridge Apts?+
Prairie Ridge Apts primarily serves families, Handicapped. 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.
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, 3-bedroom: $1144. Actual rent at Prairie Ridge Apts may be lower for income-eligible households.
Who manages Prairie Ridge Apts?+
Prairie Ridge Apts is managed by . You can reach them at .
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.