About This Property
Meadows Apts of Nevada offers 49 one-bedroom units in Nevada, Iowa, with 48 designated as low-income housing. The property has served elderly residents since its placement in service in 2011 and receives funding through the Tax Credit Assistance Program.
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 Meadows Apts of Nevada is typically 30% of household income or less.
What size apartments are available at Meadows Apts of Nevada?+
Meadows Apts of Nevada offers the following unit types: 49 One-Bedroom units, for a total of 49 units.
What is the price range for apartments in Nevada, IA?+
Based on Fair Market Rent for Story County, the estimated price range is: 1-bedroom: $918. Actual rent at Meadows Apts of Nevada may be lower for income-eligible households.
How do I apply for housing at Meadows Apts of Nevada?+
Meadows Apts of Nevada 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 is eligible to live at Meadows Apts of Nevada?+
Meadows Apts of Nevada primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Meadows Apts of Nevada?+
Meadows Apts of Nevada is managed by . You can reach them at . Visit their website for more information.
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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.