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Affordable Housing Option in Waterloo, IA - Russell Lamson Apartments - Overview Russell Lamson Apartments is a desirable low-income housing option in Waterloo, IA. These apartment rentals are supported by the Low-Income Housing Tax Credit (LIHTC) program, ensuring affordability for individuals seeking affordable housing. - Program Rent and Income Restrictions As a LIHTC-supported development, Russell Lamson Apartments offer rental apartments with program rent and income restrictions. This means that the rental rates are set based on the Area Median Income (AMI) to accommodate low-income individuals. - Considerations It is important to note that the AMI-based rent might still be a financial challenge for some low-income individuals. We recommend checking the current rental rates to determine if it aligns with your affordability criteria. - Apartment Details Russell Lamson Apartments comprises 90 low-income apartments, providing a range of options for prospective residents. However, please be aware that like many desirable housing options, there may be waiting lists for these apartments. - Contact and Application To explore the possibility of applying and qualifying for residency at Russell Lamson Apartments, please contact them directly using the provided phone number. Don't hesitate to reach out and inquire about availability and application procedures.
209 West 5th Street, Waterloo, IA 50701
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