About This Property
North Valley Apts offers 11 low-income units in Graettinger, Iowa, serving families and disabled residents. The property includes two 1-bedroom units, seven 2-bedroom units, and two 3-bedroom units. Placed in service in 1997, the community is non-profit owned and financed through the 9% Low-Income Housing Tax Credit program.
Property Details
Fair Market Rent - Palo Alto 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 | $1,152 |
| 4 Bedroom | $1,156 |
Income Limits - Palo Alto 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 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Graettinger, IA?+
The Fair Market Rent (FMR) for Palo Alto County, IA is: $630 (Studio), $656 (1BR), $862 (2BR), $1152 (3BR), $1156 (4BR). Actual rent at subsidized properties like North Valley Apts is typically 30% of household income or less.
What size apartments are available at North Valley Apts?+
North Valley Apts offers the following unit types: 2 One-Bedroom, 7 Two-Bedroom, 2 Three-Bedroom units, for a total of 11 units.
Who is eligible to live at North Valley Apts?+
North Valley 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.
What is the price range for apartments in Graettinger, IA?+
Based on Fair Market Rent for Palo Alto County, the estimated price range is: 1-bedroom: $656, 2-bedroom: $862, 3-bedroom: $1152. Actual rent at North Valley Apts may be lower for income-eligible households.
Who manages North Valley Apts?+
North Valley Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Palo Alto County, IA?+
For a 4-person household in Palo Alto 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.
How do I apply for housing at North Valley Apts?+
North Valley 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.
Walk Score
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Nearby Schools
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