About This Property
Granmeadow Village Apts offers 16 low-income units in Nevada, Iowa, within Story County. The property has been in service since 1987 and provides affordable housing options for qualifying residents.
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 Nevada, 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 Granmeadow Villiage Apts is typically 30% of household income or less.
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.
How do I apply for housing at Granmeadow Villiage Apts?+
Granmeadow Villiage 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.
Who manages Granmeadow Villiage Apts?+
Granmeadow Villiage Apts is managed by . You can reach them at . Visit their website for more information.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.