About This Property
Laverne Apts comprises 62 low-income units in Ames, Iowa, serving families with a mix of 32 two-bedroom and 30 three-bedroom apartments. The property was placed in service in 2011 and utilizes 9% Low-Income Housing Tax Credit financing. The development offers rental housing options for income-qualified households in Story County.
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 Laverne Apts is typically 30% of household income or less.
What size apartments are available at Laverne Apts?+
Laverne Apts offers the following unit types: 32 Two-Bedroom, 30 Three-Bedroom units, for a total of 62 units.
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.
What is the price range for apartments in Ames, IA?+
Based on Fair Market Rent for Story County, the estimated price range is: 2-bedroom: $1033, 3-bedroom: $1456. Actual rent at Laverne Apts may be lower for income-eligible households.
Who is eligible to live at Laverne Apts?+
Laverne Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Laverne Apts?+
Laverne Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Laverne Apts?+
Laverne 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
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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