Prairie Village of La Porte City
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There are 0 low-income apartments in La Porte City that offer reduced rents to eligible households.
Rental assistance programs support 32 low-income homes in La Porte City where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.
Affordable rent data for some communities last confirmed on January 2nd, 2023. Subdsidized rents typically change once a year based on federal guidance.
La Porte City, Iowa Affordable Housing Data
Income Based Apartments in La Porte City, Iowa
La Porte City features 32 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in La Porte City, Iowa
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in La Porte City.
Housing Choice Vouchers in La Porte City, Iowa
On average, Section 8 Housing Choice vouchers pay La Porte City landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in La Porte City.
The maximum amount a voucher would pay on behalf of a low-income tenant in La Porte City, Iowa for a two-bedroom apartment is between $850 and $1,038.
2024 La Porte City, Iowa Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
| Studio | One BR | Two BR | Three BR | Four BR | |
|---|---|---|---|---|---|
| La Porte City, Iowa Fair Market Rent | $640 | $737 | $944 | $1,250 | $1,602 |
| La Porte City, Iowa Payment Standard Range | $576 to $704 | $663 to $811 | $850 to $1,038 | $1,125 to $1,375 | $1,442 to $1,762 |
Sourced from federal housing data and AffordableHousingOnline.com research.
La Porte City, IA Affordable Housing Snapshot
| Total Affordable Apartment Properties | 1 |
|---|---|
| Total Low Income Apartments | 32 |
| Total Housing Units with Rental Assistance | 32 |
| Percentage of Housing Units Occupied By Renters | 25.97% |
| Average Renter Household Size | 2.33 |
| Average Household Size | 2.52 |
| Median Household Income | $50,281 ±$3,981 |
| Median Rent | $598 ±$154 |
| Percentage Of Renters Overburdened | 40.17% ± 12.85pp |
| Total Population | 2,315 |
Population and Household Demographics
La Porte City is a city in Black Hawk County, Iowa with a population of 2,315. There are 901 households in the city with an average household size of 2.52 persons. 25.97% of households in La Porte City are renters.
Income and Rent Overburden in La Porte City
The median gross income for households in La Porte City is $50,281 a year, or $4,190 a month. The median rent for the city is $598 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In La Porte City, a household making less than $1,993 a month would be considered overburdened when renting an apartment at or above the median rent. 40.17% of households who rent are overburdened in La Porte City.
Area Median Income In La Porte City
Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.
HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For La Porte City, the AMI is calculated from all households within Black Hawk County.
In La Porte City, HUD calculates the Area Median Income for a family of four as $90,500
Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.
Rental Assistance in La Porte City
Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.
Income Qualifications for HUD Rental Assistance in La Porte City
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the La Porte City AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$18,450 | $21,100 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the La Porte City AMI may qualify for rental assistance programs that target Very Low Income households. |
$30,750 | $35,150 | $39,550 | $43,900 | $47,450 | $50,950 | $54,450 | $57,950 |
| 80% AMI Income Limits Renters earning up to 80% of the La Porte City AMI may qualify for rental assistance programs that target Low Income households. |
$49,150 | $56,200 | $63,200 | $70,200 | $75,850 | $81,450 | $87,050 | $92,700 |
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