Ashton Flats

214 7th Ave SW, Cedar Rapids, Iowa 52404

Ashton Flats Details

  • 52 units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)
  • Market Rate

About Ashton Flats

Ashtons Flats Apartments are still in consrtruction but will offer 52 units of Multi-Family Apartments.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Ashton Flats is managed by TWG Development.

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