About This Property
Grant Terrace contains 15 low-income units in Oskaloosa serving elderly residents, with a mix of ten 1-bedroom and five 2-bedroom apartments. The property has been in service since 2009 and operates under non-profit ownership with HOME program funding. Interested parties can contact the property for additional information.
Waitlist Information
Waitlist managed by Oskaloosa Municipal Housing Agency
The waiting list is currently closed for the Public Housing program. Eligibility generally requires household income at or below 50% of the Area Median Income (AMI), with 75% of vouchers for those at or below 30% AMI. Preferences typically include veterans, elderly, disabled, working families, or local residents.
The waiting list is currently closed for the Section 8 (HCV) program. Eligibility generally requires household income at or below 50% of the Area Median Income (AMI), with 75% of vouchers for those at or below 30% AMI. Common preferences include local residency, veterans, elderly, disabled, and working families; applicants must be at least 18 years old and a U.S. citizen or eligible immigrant.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Mahaska 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 | $588 |
| 1 Bedroom | $663 |
| 2 Bedroom | $867 |
| 3 Bedroom | $1,048 |
| 4 Bedroom | $1,159 |
Income Limits - Mahaska 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 Oskaloosa, IA?+
The Fair Market Rent (FMR) for Mahaska County, IA is: $588 (Studio), $663 (1BR), $867 (2BR), $1048 (3BR), $1159 (4BR). Actual rent at subsidized properties like Grant Terrace is typically 30% of household income or less.
What size apartments are available at Grant Terrace?+
Grant Terrace offers the following unit types: 10 One-Bedroom, 5 Two-Bedroom units, for a total of 15 units.
What are the income limits for affordable housing in Mahaska County, IA?+
For a 4-person household in Mahaska 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.
How do I apply for housing at Grant Terrace?+
Grant Terrace 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 Grant Terrace?+
Grant Terrace primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Grant Terrace?+
Grant Terrace is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Oskaloosa, IA?+
Based on Fair Market Rent for Mahaska County, the estimated price range is: 1-bedroom: $663, 2-bedroom: $867. Actual rent at Grant Terrace may be lower for income-eligible households.
Is there a waitlist for Grant Terrace?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. 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
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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