Penelope 38 §202 Senior Ankeny, IA
Profile last updated · Data vintage: HUD FY2025
Penelope 38 is a Section 202 PRAC (Senior Housing) community in Ankeny, IA with 53 units reporting 100% occupancy. Assisted residents pay about $467/month on average.
53
total units
100%
occupancy
$467
avg resident rent
—
reported wait
Resident & program facts (HUD-reported)
| Program(s) | Section 202 PRAC (Senior Housing) |
|---|---|
| Address | 717 NE 5th St, Ankeny, IA 50021 Map → |
| Average household income | $20,982/yr |
| Average personal income | $20,219/yr |
| People per unit | 1 |
| Moved in within last year | 13% |
| Households below 30% AMI | 66% |
| Households below 50% AMI | 100% |
| One-bedroom share | 100% |
How to apply at Penelope 38
Section 202 PRAC: independent senior living (62+) with income-based rents and on-site service coordination.
- Call or visit the management office at 717 NE 5th St, Ankeny; ask if the waitlist is open and request an application.
- Gather ID, Social Security cards, birth certificates, and proof of all income. Applications are always free.
- Claim eligible preferences (homelessness, veteran, local residency) with documentation.
- Respond fast to interview letters; verify rent expectations against your budget (~$467/mo average here).
Other subsidized housing in Ankeny
- Ashbrooke Apts Phase I LIHTC
- Delaware Crossing Apts LIHTC
- Delaware Village Apts I LIHTC
- Delaware Village Apts Ii LIHTC
- Ashbrooke Phase Ii LIHTC
- Fletcher Estates LIHTCPB Section 8
- Villas at Meadow Springs LIHTCPB Section 8
- Ahepa 192 Phase Ii §202 Senior
- Ahepa 192 Iii Apartments §202 Senior
- The Apartments of Owl Creek §811
Nearby subsidized housing (within ~10 km)
| Property | Location | Distance |
|---|---|---|
| 59th Avenue Senior Lofts LIHTC | Johnston | 10.8 km |
| Cornerstone Commons LIHTCPB Section 8 | Johnston | 11.4 km |
| Cottages at Johnston Commons LIHTCPB Section 8 | Johnston | 11.4 km |
| Chapelridge at Johnston LIHTC | Johnston | 12.1 km |
| Ahepa 192 Apts. PB Section 8 | Johnston | 12.1 km |
| Johnston Crossing LIHTC | Johnston | 12.2 km |
| Johnston Crossing Ii LIHTC | Johnston | 12.2 km |
| Oakland Pointe LIHTC | Altoona | 12.8 km |
← All subsidized housing in Ankeny
Frequently asked questions
What kind of subsidy does Penelope 38 have?
Section 202 PRAC (Senior Housing). Section 202 PRAC: independent senior living (62+) with income-based rents and on-site service coordination.
How much is rent at Penelope 38?
Residents report average rents near $467/month in HUD administrative data. Under most federal programs you pay roughly 30% of adjusted income — your actual amount depends on household income and unit size.
How do I apply at Penelope 38?
Contact the management office at 717 NE 5th St in Ankeny. Ask whether the waitlist is open, request an application, and claim any preferences you qualify for. There is never a fee to apply for HUD-subsidized housing.