2024	Median Family Income	2024 Yearly Income Limit	2024 Yearly Income Limit - Person(s) in Family
Income Limits		Category	1	2	3	4	5
Buena Vista County, IA	$92,900	Very Low Income (50%)	$32,150	$36,700	$41,350	$45,900	$49,600
Extremely Low Income (30%)	$19,300	$22,050	$25,820	$31,200	$36,580
Low Income (80%)	$51,450	$58,750	$66,150	$73,450	$79,350

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

Listed below are the Section 42, LIHTC apartments in Storm Lake, 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 Storm Lake, IA Buena Vista County

Apartment Size	HUD's Monthly Fair Market Rent For Area	LIHTC Maximum Rent
Studio Apartments	$688	Estimated $206.40 - utility allowance
One Bedroom Apartments	$693	Estimated $207.90 - utility allowance
Two Bedroom Apartments	$910	Estimated $273.00 - utility allowance
Three Bedroom Apartments	$1171	Estimated $351.30 - utility allowance

Available LIHTC Properties In Storm Lake, 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.

Mccord Manor Of Storm Lake

210 E 13th St
Storm Lake, IA - 50588
Total Apartment Units: 82
Total Apartment Low Income Apartments: 82
Years In Service Since: 1989

Seneca Place

1405 Seneca St
Storm Lake, IA - 50588
Total Apartment Units: 48
Total Apartment Low Income Apartments: 48
1 Bedroom apartments 12
2 Bedroom apartments 26
3 Bedroom apartments 10
Years In Service Since: 1996
Family Apartments: YES
Senior Apartments: YES
Disabled Apartments: YES
Accepts Homeless: YES

Holly Heights Apartments

1800 E Milwaukee Ave
Storm Lake, IA - 50588
Total Apartment Units: 32
Total Apartment Low Income Apartments: 32
1 Bedroom apartments 6
2 Bedroom apartments 22
3 Bedroom apartments 4
Years In Service Since: 1998
Family Apartments: YES
Senior Apartments: YES
Disabled Apartments: YES
Accepts Homeless: YES

Northpark Apartments

1724 E Milwaukee Ave
Storm Lake, IA - 50588
Total Apartment Units: 24
Total Apartment Low Income Apartments: 24
1 Bedroom apartments 12
2 Bedroom apartments 12
Years In Service Since: 2006
Family Apartments: YES
Senior Apartments: YES
Disabled Apartments: YES
Accepts Homeless: YES

The Reserves At Storm Lake

1500 Seneca
Storm Lake, IA - 50588
Total Apartment Units: 32
Total Apartment Low Income Apartments: 32
2 Bedroom apartments 16
Years In Service Since: 2014
Family Apartments: YES
Senior Apartments: YES
Disabled Apartments: YES
Accepts Homeless: YES

10th Street Townhomes

1101 Ontario St
Storm Lake, IA - 50588
Total Apartment Units: 42
Total Apartment Low Income Apartments: 42
2 Bedroom apartments 10
3 Bedroom apartments 26
4 Bedroom apartments 6
Years In Service Since: 2015
Family Apartments: YES
Senior Apartments: YES
Disabled Apartments: YES
Accepts Homeless: YES

HUD Housing Section 8 and Multifamily Properties in Storm Lake, 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 Buena Vista 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.

Quality Life, Inc.

1621 Violet Lane
Storm Lake, IA - 50588
Phone: 712-732-5038
Total Apartment Units: 16
Type of Listing: 202/811

Section 202 Supportive Housing for the Elderly Program
Occupancy in Section 202 housing is open to any very low-income household comprised of at least one person who is at least 62 years old at the time of initial occupancy.
Section 811 - Supportive Housing for Persons with Disabilities
The Section 811 program allows persons with disabilities to live as independently as possible in the community by subsidizing rental housing

Storm Lake Senior Apartments

210 E 13th St
Storm Lake, IA - 50588
Phone: 712-732-1425
Total Apartment Units: 82
Type of Listing: Subsidized - Previously Insure

Lakeview Manor

904 E Milwaukee Ave
Storm Lake, IA - 50588
Phone: 712-732-1126
Total Apartment Units: 25
Type of Listing: Insured-Subsidized

Qualifying For HUD Housing Section 8 Vouchers In Storm Lake, IA

HUD Housing eligibility is determined by the Buena Vista County Public Housing Authority.

HUD Income Limits 2024 in Storm Lake, IA.