The Low Rent Housing Agency in Red Oak, IA offers affordable housing options through their Section 8 Project-Based Rental Assistance program, providing rental subsidies for eligible individuals and families. With properties like Acorn Acres Phase II, tenants pay no more than 30% of their income towards rent, making it an accessible option for those with limited financial resources.
As a participant in the Section 8 program, Acorn Acres Phase II has a property-based subsidy, which means that individuals with Section 8 vouchers would need to relinquish their vouchers to move in. However, it's important to note that project-based Section 8 properties often have lengthy waiting lists, with some extending for several years. Income qualifications are based on the Area Median Income (AMI), and interested individuals can find more information on the agency's website.
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