Fairbank Housing
605 Grove St, Fairbank, IA 50629
Elderly · 22 1BR, 2 2BR
Managed by Kartay Apt Mgmt
- Units
- 24
- Rental assistance
- 11
- Vacant
- 1
- Accessible
- 1
- Opened
- 1973
Iowa
8 properties in Buchanan County have USDA Section 515 or 514 financing: 199 apartments across 5 towns. 141 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.
Equal housing opportunity. Properties financed by USDA Rural Development must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin. If you believe you were treated unfairly, you can file a complaint with HUD at 1-800-669-9777 or with USDA at 866-632-9992.
Open Country does not own, manage or rent these properties and does not take applications. Contact each property's management company for availability, rents and eligibility. Listings come from USDA's public data and may be out of date.
605 Grove St, Fairbank, IA 50629
Elderly · 22 1BR, 2 2BR
Managed by Kartay Apt Mgmt
201 9th Ave SW, Independence, IA 50644
Elderly · 87 1BR, 5 2BR
Managed by Kartay Apt Mgmt
200 17th Ave NW, Independence, IA 50644
Family · 4 1BR, 12 2BR
Managed by Kartay Apt Mgmt
1300 3rd St NW, Independence, IA 50644
Elderly · 24 1BR
Managed by Kartay Apt Mgmt
325 10th St, Jesup, IA 50648
Family · 8 2BR
Managed by Kartay Apt Mgmt
825 Church St, Jesup, IA 50648
Elderly · 18 1BR, 3 2BR
Managed by Murphy Enterprises
608 E Cedar St, Quasqueton, IA 52326
Elderly · 5 1BR
Managed by Kartay Apt Mgmt
519 W Madison St, Winthrop, IA 50682
Elderly · 8 1BR, 1 2BR
Managed by Kartay Apt Mgmt
Source: USDA Rural Development, Section 515/514 active properties file (data as of October 19, 2026). Vacancies are as USDA last recorded them, not live availability.
USDA-financed apartments are for very low, low and moderate income households (7 CFR 3560.152), and elderly and congregate properties also require a household that meets USDA's definition of elderly. In a unit with USDA rental assistance, the tenant pays the highest of 30% of monthly adjusted income, 10% of gross monthly income or a welfare shelter allowance, and the assistance covers the rest of the rent (7 CFR 3560.203). Each property's manager checks income against USDA's limits for the area when you apply and can tell you whether a unit with rental assistance is open.
Ownership: 6 nonprofit, 2 limited-profit. None has housing tax credits. 6 serve elderly tenants. Owners of aging 515 properties can use a Section 538 guaranteed loan to finance a transfer and rehab, at USDA's lower 60 and 25 basis point preservation fees. How 515 transfers work with 538.
Every property in one file: 515/514 portfolio download (CSV and JSON).