Kovar Court
100 North 6th Street, Missouri Valley, Iowa 51555
Contact Kovar Court
Kovar Court is managed by Seldin Company.
Welcome Home
This 22 unit complex was constructed with help from the U.S. Department of Housing and Urban Development (HUD) in the form of a construction grant. Under an agreement with HUD, this facility serves households whose head of household is over 62 years of age and must meet certain requirements specified by HUD.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | - | Income Based |
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Last updated on October 22nd, 2018
Eligibility for Kovar Court
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 Missouri Valley but actual income limits may differ for units at Kovar Court .
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% | $21,150 | $24,200 | $27,200 | $30,200 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% | $35,250 | $40,300 | $45,350 | $50,350 | $54,400 | $58,450 | $62,450 | $66,500 |
| 80% | $56,400 | $64,450 | $72,500 | $80,550 | $87,000 | $93,450 | $99,900 | $106,350 |
Kovar Court Details
- 22 one bedroom units.
- Section 202 Supportive Housing for the Elderly
Property Amenities
- Laundry Facilities
Section 202 Supportive Housing for the Elderly
Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.
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