Royal Oak II Apartments

501 E 5th St, Atlantic, Iowa 50022

Eligibility for Royal Oak II Apartments

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Atlantic but actual income limits may differ for units at Royal Oak II Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $17,550 $20,050 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% $29,250 $33,400 $37,600 $41,750 $45,100 $48,450 $51,800 $55,150
80% $46,800 $53,450 $60,150 $66,800 $72,150 $77,500 $82,850 $88,200

Royal Oak II Apartments Details

  • 29 bedroom units.
  • Section 8 Project-Based Rental Assistance (PBRA)
  • Section 221 (d) (3)
Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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