2 waitlists are currently open in Spencer, IA
Apply before waitlists close. Check each listing for details and deadlines.
2016 Highway Blvd, Spencer, IA, 51301
2016 Highway Blvd, Spencer, IA, 51301
Fair Market Rent - Clay 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 | $700 |
| 2 Bedroom | $862 |
| 3 Bedroom | $1,142 |
| 4 Bedroom | $1,148 |
Income Limits - Clay 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 |
Frequently Asked Questions About Housing in Spencer, IA
How many affordable housing options are in Spencer, Iowa?+
There are 6 affordable housing properties in Spencer, Iowa, including 4 Low-Income Housing Tax Credit (LIHTC), 2 housing authority listings. Browse the full list above to find options that fit your needs.
What is the average rent for affordable housing in Spencer, Iowa?+
The Fair Market Rent for Clay County, Iowa is: Studio: $630, 1BR: $700, 2BR: $862, 3BR: $1142. Subsidized housing typically charges tenants 30% of their adjusted gross income, which may be significantly less than FMR.
How do I apply for Section 8 housing in Spencer, Iowa?+
To apply for Section 8 (Housing Choice Voucher) in Spencer, Iowa, contact your local housing authority. You can browse the housing authority listings on this page to find contact information. Applications are typically accepted when the waitlist is open. Eligibility is based on income (generally below 50% of Area Median Income), family size, and citizenship status.
What are the income limits for affordable housing in Clay County, Iowa?+
For a 4-person household in Clay County, Iowa, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,900, Low Income (80% AMI): $57,450. Income limits vary by household size and are updated annually by HUD.
Are there open waitlists for affordable housing in Spencer, Iowa?+
Yes, there are currently 2 housing authorities with open waitlists in Spencer, Iowa. Look for the "Waitlist Open" badge on listings above, or use the waitlist filter to find them quickly. Waitlist availability changes frequently, so apply as soon as possible.
What types of affordable housing are available in Spencer, Iowa?+
Spencer, Iowa has the following types of affordable housing: LIHTC properties (privately owned, tax-credit funded affordable apartments); Housing Authorities (administering Section 8 vouchers and public housing). Each program has different eligibility requirements and application processes.
What is the population of Spencer, Iowa?+
Spencer, Iowa has an estimated population of 11,038. With 6 affordable housing properties serving the area, there are housing assistance options available for eligible residents.