Eagle Bluff

2803 A Avenue, Fort Madison, Iowa 52627

Contact Eagle Bluff

"Eligibility Requirement: 62 years of age or older, handicapped/disabled, regardless of age. Eagle Bluff offers numerous amenities to its residents including central air, on-site beauty salon, library, an emergency call light system, indoor mailboxes, and a community room with cable TV. Apartments have both interior and exterior access to units. Eagle Bluff is located less than a mile from shopping, a grocery store, restaurant, gas station, and the YMCA. Access to public transporation is available. Supportive services available thru Lee County Health."

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price

Eligibility for Eagle Bluff

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 Fort Madison but actual income limits may differ for units at Eagle Bluff.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$29,250	$33,400	$37,600	$41,750	$45,100	$48,450	$51,800	$55,150
Low Income (60%)	$35,100	$40,080	$45,120	$50,100	$54,120	$58,140	$62,160	$66,180

Eagle Bluff Details

24 one bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
HOME Investment Partnerships Program
Section 521 USDA Rental Assistance

Property Amenities

Community Room
Library
Barber Shop and Beauty Salon

Unit Amenities

Central Air

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.