Iowa

Tax credit apartments in Altoona, IA

HUD's database lists 5 properties in Altoona built or rehabbed with low-income housing tax credits: 325 apartments, 325 of them income-restricted. Rents in those units are capped while each property's affordability agreement runs, and you qualify by income; many properties still keep waiting lists.

Equal housing opportunity. Tax credit properties must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin, and they may not refuse an applicant because the applicant holds a Housing Choice (Section 8) voucher (IRC 42(h)(6)(B)(iv)). Properties HUD lists as senior housing may limit who lives there by age only as the Fair Housing Act's housing-for-older-persons exemption allows. To report housing discrimination, call HUD at 1-800-669-9777.

LIHTC Atlas does not own, manage or rent these apartments and does not take applications. Contact each property's management for availability, rents and income rules. Listings come from HUD's database and may be out of date.

Centennial Place I

720 Eighth St SE, Altoona, IA 50009

12 1BR, 72 2BR, 12 3BR

Apartments: 96
Income-restricted: 96
Placed in service: 1995

Cloveridge Apts

858 Eighth St SE, Altoona, IA 50009

HUD lists it as senior housing

Apartments: 24
Income-restricted: 24
Placed in service: 1994

Meadow Vista Parkside

2647 17th St SW, Altoona, IA 50009

15 3BR, 44 4BR

Apartments: 59
Income-restricted: 59
Placed in service: 2012

Meadow Vista Senior Villas

1806 28th Ave SW, Altoona, IA 50009

HUD lists it as senior housing · 50 2BR

Apartments: 50
Income-restricted: 50
Placed in service: 2012

Venbury Trail Apts

900 Eighth St SW, Altoona, IA 50009

24 1BR, 48 2BR, 24 3BR

Apartments: 96
Income-restricted: 96
Placed in service: 1998

Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024). Properties a state agency has flagged as no longer monitored are left out; properties placed in service after 2024 are not in HUD's database yet.

How tax credit apartments work

Each income-restricted unit has a maximum rent set from the area's income limits: gross rent, including a utility allowance for tenant-paid utilities, can't go above 30% of the income limit for the unit's size. The rent doesn't change with your own income, so a household near the bottom of the range pays the same rent as one near the top. That's different from public housing or a voucher, where you pay a share of what you earn.

To qualify, your household's income has to be at or under the limit the unit is set at, usually 50% or 60% of the area median, and up to 80% in some buildings. Management checks income, and assets, when you apply. A household made up entirely of full-time students generally can't qualify, with exceptions in IRC 42(i)(3)(D) such as single parents and married students filing jointly. More on qualifying.

You can apply with a Housing Choice voucher, and the property can't turn you down because you have one.