About This Property
River Valley Homes II comprises 29 three-bedroom units serving families in Iola, Kansas. The property was placed in service in 2014 and receives 9% Low-Income Housing Tax Credit financing. This Allen County development provides housing for low-income households.
Waitlist Information
Waitlist managed by Iola Housing Authority
The waiting list is currently accepting pre-applications for families and senior/disabled individuals for studio to 4-bedroom units. Eligibility is based on annual gross income, age or disability status, and US citizenship or eligible immigration.
The Iola Housing Authority's Section 8 (Housing Choice Voucher) program is currently accepting pre-applications. Eligibility is based on income, family size, and citizenship status.
Waitlist data provided by section8waitlist.org
Updated May 28, 2026
Property Details
Fair Market Rent - Allen County, KS
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $603 |
| 1 Bedroom | $671 |
| 2 Bedroom | $882 |
| 3 Bedroom | $1,095 |
| 4 Bedroom | $1,244 |
Income Limits - Allen County, KS
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,700
- Very Low (50%)
- $22,800
- Low (80%)
- $36,500
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,050
- Low (80%)
- $41,700
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,300
- Low (80%)
- $46,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $32,550
- Low (80%)
- $52,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $35,200
- Low (80%)
- $56,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $37,800
- Low (80%)
- $60,450
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $40,400
- Low (80%)
- $64,650
- Extremely Low (30%)
- $43,000
- Very Low (50%)
- $43,000
- Low (80%)
- $68,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,700 | $22,800 | $36,500 |
| 2 Persons | $17,420 | $26,050 | $41,700 |
| 3 Persons | $21,960 | $29,300 | $46,900 |
| 4 Persons | $26,500 | $32,550 | $52,100 |
| 5 Persons | $31,040 | $35,200 | $56,300 |
| 6 Persons | $35,580 | $37,800 | $60,450 |
| 7 Persons | $40,120 | $40,400 | $64,650 |
| 8 Persons | $43,000 | $43,000 | $68,800 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Iola, KS?+
The Fair Market Rent (FMR) for Allen County, KS is: $603 (Studio), $671 (1BR), $882 (2BR), $1095 (3BR), $1244 (4BR). Actual rent at subsidized properties like River Valley Homes Ii is typically 30% of household income or less.
What size apartments are available at River Valley Homes Ii?+
River Valley Homes Ii offers the following unit types: 29 Three-Bedroom units, for a total of 29 units.
What is the price range for apartments in Iola, KS?+
Based on Fair Market Rent for Allen County, the estimated price range is: 3-bedroom: $1095. Actual rent at River Valley Homes Ii may be lower for income-eligible households.
How do I apply for housing at River Valley Homes Ii?+
River Valley Homes Ii 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 River Valley Homes Ii?+
River Valley Homes Ii is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at River Valley Homes Ii?+
River Valley Homes Ii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Allen County, KS?+
For a 4-person household in Allen County, KS, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $32,550, Low Income (80% AMI): $52,100. These limits are set by HUD and updated annually.
Is there a waitlist for River Valley Homes Ii?+
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
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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