The Folks Apartments

308 N Adams St, Mount Pleasant, Iowa 52641

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Eligibility for The Folks 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 Mount Pleasant but actual income limits may differ for units at The Folks 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

The Folks Apartments Details

  • 25 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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