2024	Median Family Income	2024 Yearly Income Limit	2024 Yearly Income Limit - Person(s) in Family
Income Limits		Category	1	2	3	4	5
Story County, IA	$120,700	Very Low Income (50%)	$40,950	$46,800	$52,650	$58,500	$63,200
Extremely Low Income (30%)	$24,600	$28,100	$31,600	$35,100	$37,950
Low Income (80%)	$65,550	$74,900	$84,250	$93,600	$101,100

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HUD Housing Low Income Tax Credit (LIHTC) Properties In Ames, IA

Listed below are the Section 42, LIHTC apartments in Ames, IA. LIHTC apartment rents are not based on the tenants income. Income credit set aside brackets are selected during the apartment credit applications are used to determine the apartment rents.

The rents are based upon the Area Medium Income (AMI) and tenant based utility allowances. At least 20% of these apartments (listed below), must provide these low rates for low-income tenants.

HUD housing LIHTC Eligibility Requirements

Income: Households must earn below a certain income level, which is set by the HUD and varies by location. In general, households must earn below 60% of the area median income (AMI) to be eligible for LIHTC housing.
Citizenship or residency status: Households must be U.S. citizens or legal permanent residents.
Need for housing assistance: Households must have a demonstrated need for housing assistance. This means that they must be unable to afford housing on their own.

In addition to the above requirements, some LIHTC properties may have additional eligibility requirements, such as age restrictions or preferences for certain types of households (e.g., families with children, veterans, etc.).

To determine if you are eligible for LIHTC housing, you can contact your local housing authority (listed above) or search for LIHTC properties (listed below).

LIHTC Maximum Rents

The maximum allowable rents are equal to 30% of the Area Medium Income (AMI), less the utility allowances.

HUD Fair Market Rents for Ames, IA Story County

Apartment Size	HUD's Monthly Fair Market Rent For Area	LIHTC Maximum Rent
Studio Apartments	$847	Estimated $254.10 - utility allowance
One Bedroom Apartments	$918	Estimated $275.40 - utility allowance
Two Bedroom Apartments	$1033	Estimated $309.90 - utility allowance
Three Bedroom Apartments	$1456	Estimated $436.80 - utility allowance

Available LIHTC Properties In Ames, IA

Using the table above you can estimate what you would be paying by checking the LIHTC Maximum Rent section.

Contact these properties for openings and wait lists and price lists.

Prairie West Apartments

2011 Prairie View W
Ames, IA - 50010
Total Apartment Units: 68
Total Apartment Low Income Apartments: 68
Years In Service Since: 1992
Family Apartments: YES
Senior Apartments: YES
Disabled Apartments: YES
Accepts Homeless: YES

Prairie View West

2001 Prairie View W
Ames, IA - 50010
Total Apartment Units: 6
Total Apartment Low Income Apartments: 6
Years In Service Since: 1992
Family Apartments: YES
Senior Apartments: YES
Disabled Apartments: YES
Accepts Homeless: YES

Meadow Wood Of Ames

4348 Maricopa Dr
Ames, IA - 50014
Total Apartment Units: 48
Total Apartment Low Income Apartments: 48
2 Bedroom apartments 24
3 Bedroom apartments 24
Years In Service Since: 1996
Family Apartments: YES
Senior Apartments: YES
Disabled Apartments: YES
Accepts Homeless: YES

Windsor Pointe

3709 Tripp St
Ames, IA - 50014
Total Apartment Units: 145
Total Apartment Low Income Apartments: 145
1 Bedroom apartments 29
2 Bedroom apartments 80
3 Bedroom apartments 36
Years In Service Since: 2003
Family Apartments: YES
Senior Apartments: YES
Disabled Apartments: YES
Accepts Homeless: YES

The Rose Of Ames

1315 Coconino Rd
Ames, IA - 50014
Total Apartment Units: 56
Total Apartment Low Income Apartments: 56
1 Bedroom apartments 52
2 Bedroom apartments 4
Years In Service Since: 2005
Family Apartments: YES
Senior Apartments: YES

Eastwood Of Ames

420 E Seventh St
Ames, IA - 50010
Total Apartment Units: 60
Total Apartment Low Income Apartments: 60
1 Bedroom apartments 16
2 Bedroom apartments 32
3 Bedroom apartments 12
Years In Service Since: 2011
Family Apartments: YES
Senior Apartments: YES
Disabled Apartments: YES
Accepts Homeless: YES

Laverne Apartments

919 S 16th St
Ames, IA - 50010
Total Apartment Units: 62
Total Apartment Low Income Apartments: 62
2 Bedroom apartments 32
3 Bedroom apartments 30
Years In Service Since: 2011
Family Apartments: YES
Senior Apartments: YES
Disabled Apartments: YES
Accepts Homeless: YES

HUD Housing Section 8 and Multifamily Properties in Ames, IA

The US Department of Housing and Urban Development provides active listings of Section 8 and Multifamily apartments. We have listed them below for you to contact. Check with them to see if they have current availabilities and/or waiting lists. With Section 8 properties, you will need a voucher. Contact the Story County Public Housing Authorities, listed at the top of this page.

Eligibility for HUD Housing Section 8, you must meet the following requirements:

Income: Your income must be below a certain level, which is set by the HUD and varies by location. In general, households must earn below 50% of the area median income (AMI) to be eligible for Section 8 housing.
Citizenship or residency status: You must be a U.S. citizen or legal permanent resident.
Need for housing assistance: You must have a demonstrated need for housing assistance. This means that you must be unable to afford housing on your own.

In addition to the above requirements, some Section 8 programs may have additional eligibility requirements, such as age restrictions or preferences for certain types of households (e.g., families with children, veterans, etc.).

To determine if you are eligible for Section 8 housing, you can contact your local Public Housing Authority (listed above). The Public Housing Authorities can provide you with information on the application process and help you determine if you are eligible for Section 8 assistance.

Tips To Get In To Section 8 Housing:

Local Rules: Each local housing authority has different rules around Section 8. Decide where you want to live and find the housing authorities in charge of those neighborhoods.
Applying for a Voucher: Contact your local Public Housing Agency (PHA) to apply for a voucher. They can tell you if they’re currently accepting new applicants and provide application details.
Payment Standards: Section 8 doesn’t specify a fixed dollar amount for rent assistance. Instead, the PHA sets a payment standard based on local housing market rates.

Regency V Apartments

3001 Regency Court
Ames, IA - 50010
Phone: (515) 232-8079
Total Apartment Units: 64
Type of Listing: Subsidized - Previously Insure

Keystone And Stonehaven Apartments

3115 Roy Key Avenue
Ames, IA - 50010
Phone: (515) 232-2865
Total Apartment Units: 110
Type of Listing: Insured-Subsidized

Eastwood Apartments

420 E 7th St
Ames, IA - 50010
Phone: (515) 232-2413
Total Apartment Units: 60
Type of Listing: Subsidized - Previously Insure

Qualifying For HUD Housing Section 8 Vouchers In Ames, IA

HUD Housing eligibility is determined by the Story County Public Housing Authority.

HUD Income Limits 2024 in Ames, IA.