Leisure Homes
601 Pacific St, Ladora, IA 52251
Family · 6 1BR, 1 2BR
Managed by Ladora Citizens INC
- Units
- 7
- Rental assistance
- 1
- Vacant
- 1
- Accessible
- 0
- Opened
- 1976
Iowa
10 properties in Iowa County have USDA Section 515 or 514 financing: 200 apartments across 6 towns. 149 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 Listings come from USDA's public data and may be out of date.
601 Pacific St, Ladora, IA 52251
Family · 6 1BR, 1 2BR
Managed by Ladora Citizens INC
190 W May St, Marengo, IA 52301
Elderly · 38 1BR, 6 2BR
Managed by Financial Service Group, INC
780 W Miller St, Marengo, IA 52301
Elderly · 32 1BR
Managed by Financial Service Group, INC
802 W Pine St, Marengo, IA 52301
Family · 8 1BR, 16 2BR
Managed by Carlson Property Holdings & Mgmt
851 Fremont St, Millersburg, IA 52308
Elderly · 7 1BR, 1 2BR
Managed by Financial Service Group, INC
115 S Campbell St, North English, IA 52316
Family · 4 2BR
Managed by Financial Service Group, INC
337 N Woodland Dr, North English, IA 52316
Elderly · 17 1BR
Managed by Financial Service Group, INC
702 Dunlap St, Victor, IA 52347
Elderly · 12 1BR, 4 2BR
204 West St, Williamsburg, IA 52361
Elderly · 24 1BR
Managed by Financial Service Group, INC
905 North St, Williamsburg, IA 52361
Family · 2 1BR, 14 2BR, 8 3BR
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, 4 limited-profit. 2 also have 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).