Bluffs Towers Apartments

38 Pearl St, Council Bluffs, Iowa 51503

Contact Bluffs Towers Apartments

***CURRENTLY UNDER RENOVATION*** Property sits just across from Bayliss Park in Council Bluffs and consists of 41 studio apartments, 28 one-bedroom apartments and 1 two-bedroom. Controlled access to building, free wi-fi, on-site laundry room, community room, library, fitness area, storage units in basement, bike racks and limited free parking. This property is Smoke-Free. Applicants must be 62 or older, handicapped or disabled.

Unit (Bd/Ba)	Ft²	Rent
studio (Studio/1)	-	Income Based
1 Bedroom (1/1)	-	Income Based
2 Bedroom (2/1)	-	Income Based

Eligibility for Bluffs Towers 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 Council Bluffs but actual income limits may differ for units at Bluffs Towers Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
30%	$21,150	$24,200	$27,200	$30,200
50%	$35,250	$40,300	$45,350	$50,350
80%	$56,400	$64,450	$72,500	$80,550

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Council Bluffs but actual income limits may differ for units at Bluffs Towers Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$35,250	$40,300	$45,350	$50,350

Bluffs Towers Apartments Details

70 studio, one and two bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Controlled Access
Community Room
Library
Laundry Room(s)
Smoke Free
Storage (in unit)
Free Parking
On-Site Laundry

Unit Amenities

Dishwasher
Microwave
Refrigerator
Stove

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.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.