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Iowa: Section 8 properties with a decision coming

HUD's file lists 262 active project-based assistance contracts in Iowa, covering 12,969 assisted units. 54 of them reach their final expiration date by Oct 2028, when the owner has to choose whether and how to renew. 43 Section 8 HAP contracts pay rents under 90% of the area's Fair Market Rent, a first sign of a property that could qualify for a rent increase at renewal.

262active contracts on 259 properties
54reaching final expiration by Oct 2028 (1,579 assisted units)
43HAP contracts with rents under 90% of FMR
1FHA-insured apartment loans maturing within five years

Contracts reaching final expiration by Oct 2028

These contracts end their overall term within two years of HUD's October 6, 2026 file. The owner chooses among the renewal options the property qualifies for, and an owner who wants out has to give tenants at least a year's notice. "Rent vs FMR" is HUD's ratio of contract rent to the area's Fair Market Rent.

PropertyUnitsAssistedContract typeFinal expirationRent vs FMRHUD loan
Blairs Ferry HousingCedar Rapids, Linn County88PRAC/811Oct 2026119%202/811
Quality Life, Inc.Storm Lake, Buena Vista County1616PRAC/811Oct 202653%202/811
Crown Colony ApartmentsOrange City, Sioux County1616515/8 NCNov 2026111%
Pearl CourtOnawa, Monona County88PRAC/811Nov 2026116%202/811
The Apartments Of Owl CreekAnkeny, Polk County1414PRAC/811Nov 2026202/811
Indian Creek ApartmentsCouncil Bluffs, Pottawattamie County1212PRAC/811Nov 202658%202/811
Lemars Independent LivingLe Mars, Plymouth County1414PAC/202Dec 202698%
Tingley Housing CorporationTingley, RINGGOLD County88515/8 NCDec 2026109%
Skyline Group HomesClinton, Clinton County2020202/8 NCJan 2027123%202/811
Systems Sandusky Group HomeIowa City, Johnson County66PRAC/811Feb 202759%202/811
Birch HouseIowa City, Johnson County55PRAC/811Mar 202762%202/811
Westminster House IIIDes Moines, Polk County1515202/8 NCMar 202776%202/811
Associates Supported HousingMarshalltown, Marshall County2010PRAC/811Mar 2027127%202/811
Mosaic XxiiLogan, Harrison County1010PRAC/811Mar 202757%202/811
Ecumenical TowerDubuque, Dubuque County8888LMSAApr 202788%
Mwa II Group HomeMuscatine, Muscatine County1010PRAC/811Apr 202766%202/811
Meadow Village ApartmentsIndianola, Warren County7270PreservationApr 202779%
Poynter ApartmentsGrinnell, Poweshiek County88PRAC/811Apr 202781%202/811
Vera French CommonsDavenport, Scott County1010PRAC/811Apr 202768%202/811
Harmony PlaceMuscatine, Muscatine County55PRAC/811Apr 2027121%202/811
Capstone HousingNewton, Jasper County2221PRAC/811May 202773%202/811
Marshall Cmi HousingMarshalltown, Marshall County1616PRAC/811May 2027144%202/811
Rise Group HomeElkader, CLAYTON County1110202/8 NCMay 202791%202/811
Valley ApartmentsSioux Center, Sioux County1212PRAC/811May 202774%
Midway ApartmentsCedar Rapids, Linn County1010PRAC/811May 2027103%202/811
Mosaic Housing XviiiOsceola, Clarke County99PRAC/811May 202798%202/811
Oak Tree ApartmentsHampton, Franklin County1212PRAC/811Jun 2027140%202/811
Mosaic XvCouncil Bluffs, Pottawattamie County1410PRAC/811Jun 202771%202/811
Burling HouseCharles City, Floyd County1212202/8 NCJul 2027114%
Brookside South And Pearl Street ApartmentsGrinnell, Poweshiek County6051202/8 NCJul 2027119%FHA 07411054
Featherstone TownhomesCouncil Bluffs, Pottawattamie County147102LMSAJul 202785%FHA 07411118
Walton Woods ApartmentsJefferson, Greene County4848Sec 8 NCAug 2027132%Insured
Project IndependenceCedar Rapids, Linn County1919202/8 NCAug 2027116%Flexible Subsidy
Elm Street HomeWebster City, Hamilton County55PRAC/811Aug 2027202/811
Virginia Park ApartmentsDes Moines, Polk County4039PRAC/811Sep 202787%
Park Place ApartmentsSigourney, Keokuk County88515/8 NCSep 2027104%
Mosaic Housing ViiiOsceola, Clarke County66PRAC/811Oct 202792%202/811
Hilltop ManorMarion, Linn County5453PRAC/202Jan 202890%202/811
Moundview ManorMarion, Linn County4039PRAC/202Feb 2028106%202/811
Ahepa 192-III ApartmentsAnkeny, Polk County3737PRAC/202Feb 202873%202/811
 Source: HUD Multifamily Assistance and Section 8 Contracts database, data as of October 6, 2026.

Section 8 contracts paying well under Fair Market Rent

HAP contracts with at least 20 assisted units whose rent-to-FMR ratio in HUD's file is under 90%, lowest first. Below-market contract rents are what HUD's Mark-Up-to-Market renewal option addresses, if the property qualifies; a rent comparability study, not this ratio, decides the new rents. "Run math" loads the size and ratio into the offer calculator.

PropertyUnitsAssistedRent vs FMRFinal expirationCurrent term ends
Exceptional PersonsWaterloo, Black Hawk County642560%May 2040May 2027Run math
Northgate TownhomesCouncil Bluffs, Pottawattamie County665871%Nov 2036Nov 2026Run math
River Hills Apartments #2Des Moines, Polk County17110272%May 2028May 2027Run math
Oakridge Neighborhood (Homes Of Oakridge)Des Moines, POLK County15015074%Dec 2030Dec 2026Run math
Oakridge Neighborhood (Dmacc)Des Moines, Polk County15015074%Dec 2030Dec 2026Run math
Ahepa 192-IV Apartments (202/221d4)Rad For PracDes Moines, Polk County909075%Dec 2045Dec 2045Run math
Hillside Village ~ GlenwoodGlenwood, Mills County362677%Sep 2034Sep 2027Run math
Jacobs PlaceDes Moines, Polk County828277%Jun 2035Jun 2027Run math
Park View Senior VillageIndianola, Warren County606077%Jan 2039Jan 2027Run math
Shalom Tower IIMason City, Cerro Gordo County484878%Nov 2028Nov 2026Run math
Meadow Village ApartmentsIndianola, Warren County727079%Apr 2027Apr 2027Run math
Bluffs TowersCouncil Bluffs, Pottawattamie County707079%Oct 2034Oct 2026Run math
Frank Smith Center (R4p Hap)Des Moines, Polk County444479%Aug 2044Aug 2044Run math
Boyer View Park ApartmentsLogan, Harrison County242480%Dec 2032Dec 2026Run math
Camelot VillageCouncil Bluffs, Pottawattamie County363580%May 2037May 2027Run math
Calu ApartmentsFairfield, Jefferson County414181%Jul 2035Jul 2027Run math
Maple Heights ApartmentsSioux City, Woodbury County505082%Dec 2030Dec 2026Run math
Corinthian GardensDes Moines, Polk County757583%Jan 2037Jan 2027Run math
Woodbury Pines TownhomesCouncil Bluffs, Pottawattamie County10010083%Jul 2031Jul 2027Run math
Heritage ApartmentsWaterloo, Black Hawk County1017583%Dec 2033Dec 2026Run math
Oak Village - GreenfieldGreenfield, Adair County242484%Aug 2035Aug 2027Run math
Waverly Homes (Rad)Waverly, Bremer County474784%Jun 2034Jun 2034Run math
Featherstone TownhomesCouncil Bluffs, Pottawattamie County14710285%Jul 2027Jul 2027Run math
Prairie Rose Senior ApartmentsIndianola, Warren County818185%Jul 2035Jul 2027Run math
Woodlawn ApartmentsChariton, Lucas County242485%Jun 2029Jun 2027Run math
Ahepa 192 ApartmentsJohnston, Polk County606086%Jan 2039Jan 2027Run math
Carrollton ApartmentsCarroll, Carroll County232387%Nov 2036Nov 2026Run math
Acorn Acres Phase IIRed Oak, Montgomery County484887%May 2030May 2030Run math
Bills Community HomesWaterloo, Black Hawk County262687%Nov 2039Nov 2026Run math
Sheridan VillageDubuque, Dubuque County606087%Jan 2042Jan 2027Run math
 Source: HUD Multifamily Assistance and Section 8 Contracts database, data as of October 6, 2026. HUD describes the ratio as a guide only.

HUD-insured loans maturing in the next five years

A HUD loan amortizes to zero, so a near maturity usually means a small balance left on an older building. The list shows only what HUD's file says: the loan, its balance and its maturity date. It says nothing about any owner's plans, other debt or willingness to sell.

PropertyUnitsProgramBalanceMatures
Town Sq. ApartmentsForest City 50436 · FHA 07435215 49 223(a)(7) $174,715 Dec 2030
Source: HUD Insured Multifamily Mortgages file, data as of September 30, 2026.

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Before you call an owner

Write to the owner of record from the county's deed records; HUD's file shows the contract, not the deed. Never contact residents or on-site staff about a sale, and never suggest to residents that their housing is about to change.

Buying the property means HUD has to approve you to take over the contract. Read what HUD reviews when a Section 8 property sells before you write a letter of intent.

Price it, then finance it

Use the offer calculator to value the property at today's contract rents and at market rents, then send the deal to the desk for acquisition financing.

Not affiliated with HUD. Inclusion here doesn't mean a property is for sale. How this data is built.