About This Property
Neveda Elderly Apts offers 24 one-bedroom units designed for elderly residents in Nevada, Iowa. The property was placed in service in 2011 and provides low-income housing options. All 24 units serve the elderly population in Story County.
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 |
Advertisement
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 Neveda Elderly Apts is typically 30% of household income or less.
What size apartments are available at Neveda Elderly Apts?+
Neveda Elderly Apts offers the following unit types: 24 One-Bedroom units, for a total of 24 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 Neveda Elderly Apts may be lower for income-eligible households.
Who is eligible to live at Neveda Elderly Apts?+
Neveda Elderly Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Neveda Elderly Apts?+
Neveda Elderly Apts 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.
How do I apply for housing at Neveda Elderly Apts?+
Neveda Elderly Apts 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.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.