About This Property
Eastwood of Ames provides 60 low-income units for families in Ames, Iowa, with a mix of one-bedroom, two-bedroom, and three-bedroom floor plans. The property has been in service since 2011 and offers 16 one-bedroom units, 32 two-bedroom units, and 12 three-bedroom units.
Property Details
Fair Market Rent - Story 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 | $847 |
| 1 Bedroom | $918 |
| 2 Bedroom | $1,033 |
| 3 Bedroom | $1,456 |
| 4 Bedroom | $1,753 |
Income Limits - Story County, IA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,900
- Very Low (50%)
- $31,500
- Low (80%)
- $50,400
- Extremely Low (30%)
- $21,600
- Very Low (50%)
- $36,000
- Low (80%)
- $57,600
- Extremely Low (30%)
- $24,300
- Very Low (50%)
- $40,500
- Low (80%)
- $64,800
- Extremely Low (30%)
- $26,950
- Very Low (50%)
- $44,950
- Low (80%)
- $71,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $48,550
- Low (80%)
- $77,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $52,150
- Low (80%)
- $83,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $55,750
- Low (80%)
- $89,250
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $59,350
- Low (80%)
- $95,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,900 | $31,500 | $50,400 |
| 2 Persons | $21,600 | $36,000 | $57,600 |
| 3 Persons | $24,300 | $40,500 | $64,800 |
| 4 Persons | $26,950 | $44,950 | $71,950 |
| 5 Persons | $31,040 | $48,550 | $77,750 |
| 6 Persons | $35,580 | $52,150 | $83,500 |
| 7 Persons | $40,120 | $55,750 | $89,250 |
| 8 Persons | $44,660 | $59,350 | $95,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Ames, IA?+
The Fair Market Rent (FMR) for Story County, IA is: $847 (Studio), $918 (1BR), $1033 (2BR), $1456 (3BR), $1753 (4BR). Actual rent at subsidized properties like Eastwood of Ames is typically 30% of household income or less.
What size apartments are available at Eastwood of Ames?+
Eastwood of Ames offers the following unit types: 16 One-Bedroom, 32 Two-Bedroom, 12 Three-Bedroom units, for a total of 60 units.
What is the price range for apartments in Ames, IA?+
Based on Fair Market Rent for Story County, the estimated price range is: 1-bedroom: $918, 2-bedroom: $1033, 3-bedroom: $1456. Actual rent at Eastwood of Ames may be lower for income-eligible households.
Who is eligible to live at Eastwood of Ames?+
Eastwood of Ames primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Eastwood of Ames?+
Eastwood of Ames 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 Story County, IA?+
For a 4-person household in Story County, IA, the income limits are: Extremely Low Income (30% AMI): $26,950, Very Low Income (50% AMI): $44,950, Low Income (80% AMI): $71,950. These limits are set by HUD and updated annually.
Who manages Eastwood of Ames?+
Eastwood of Ames is managed by . You can reach them at . Visit their website for more information.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.