The Rose of Waterloo

About This Building

Introducing the Rose of Waterloo: A Unique Affordable Housing Option Featuring attractive Low-Income Housing Tax Credit ALF residences in the heart of Waterloo, IA, the Rose of Waterloo presents an excellent opportunity for those seeking affordable housing. Supported by the LIHTC, these rental apartments come with program rent and income restrictions that ensure affordability for eligible individuals. The LIHTC: Empowering Builders and Developers to Serve Low-Income Communities Acknowledging the pressing need for affordable housing among low-income individuals, the LIHTC offers generous incentives to builders and developers involved in creating housing options for this demographic. By participating in this program, the Rose of Waterloo aims to make a positive difference in the lives of low-income persons by providing them with secure and affordable homes. AMI and Rent Considerations: Understanding the Affordability Criteria It is important to note that the maximum rent charged at the Rose of Waterloo is determined based on the Area Median Income (AMI). This criterion ensures that rental rates remain within reach for low-income individuals. However, it is essential to consider that this AMI may still render the apartment unaffordable for some. We advise checking the current rental rates to ascertain if this housing option aligns with your affordability needs. An Abundance of Low-Income Apartments to Choose From With a total of 64 low-income apartments available, the Rose of Waterloo presents a substantial offering for those searching for affordable housing in the area. We believe that by offering a wide range of options, we can cater to the diverse needs of our community effectively. Find Out If You Qualify: Direct Contact and Application Process As demand for affordable housing surges, many apartments now have waiting lists. To streamline the process and assist you in securing a place at the Rose of Waterloo, we provide you with the direct contact information. By reaching out to the provided number, you can inquire whether you meet the necessary qualifications and proceed with the application process. Experience the Rose of Waterloo Difference: A Commendable Home for Low-Income Individuals