About This Property
The Iowana offers 24 low-income rental units in Creston, Iowa, consisting of 14 one-bedroom and 10 two-bedroom apartments. Placed in service in 2011, the property is financed through 9% Low-Income Housing Tax Credits and serves families in Union County. Units are managed by the property's designated management company.
Waitlist Information
Waitlist managed by Southern Iowa Regional Housing Authority
The length of the waiting list depends on unit size and availability in the requested area. Criminal background checks are performed. Families are notified when their name reaches the top of the waiting list.
Waiting list has preferences for residency and/or veterans. Criminal background checks are performed. Applicants are contacted for an initial appointment for eligibility certification.
Waitlist data provided by section8waitlist.org
Updated July 28, 2026
Property Details
Fair Market Rent - Union 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 | $1,144 |
| 4 Bedroom | $1,148 |
Income Limits - Union 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Creston, IA?+
The Fair Market Rent (FMR) for Union County, IA is: $630 (Studio), $656 (1BR), $862 (2BR), $1144 (3BR), $1148 (4BR). Actual rent at subsidized properties like The Iowana is typically 30% of household income or less.
What size apartments are available at The Iowana?+
The Iowana offers the following unit types: 14 One-Bedroom, 10 Two-Bedroom units, for a total of 24 units.
What is the price range for apartments in Creston, IA?+
Based on Fair Market Rent for Union County, the estimated price range is: 1-bedroom: $656, 2-bedroom: $862. Actual rent at The Iowana may be lower for income-eligible households.
Who manages The Iowana?+
The Iowana is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at The Iowana?+
The Iowana 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 The Iowana?+
The Iowana 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 Union County, IA?+
For a 4-person household in Union 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.
Is there a waitlist for The Iowana?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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