Cedar Crest Apartments

1100 O Avenue, NW, Cedar Rapids, IA 52405

Waiting List Forecast: Likely Short or None

check_circleVerified for 2024 by Joshua Cappell

Rent	Beds	Baths	SqFt
$495 - 925 per Month^†	1 - 2 Beds	1 Bath	694 - 963 Sq Ft

Call (877) 220-6530 Email

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

Cedar Crest Apartments provides 45 one and two bedroom apartments specifically designed for seniors 55 and older. Cedar Crest Apartments preserves and integrates the existing historic farmhouse into the complex, blending the new apartments into the existing neighborhood. Cedar Crest Apartments displays a welcoming atmosphere in the site design of the 2.1 acres, the architecture of the building, and the spacious, well appointed interior.
Cedar Crest Apartments offers both Conventional and Affordable Housing Units. Qualification for the affordable housing units is dependent upon income level and household size, as well as student status. The landlord pays the water, sewer, and trash, and the tenant is responsible to pay for heat and electricity. Fully handicap accessible units, as well as sight and hearing accessible units, are available

Dave's Thoughts On Cedar Crest Apartments

Because Cedar Crest Apartments participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.

~ Dave Layfield, Founder of Affordable Housing Online

Units at Cedar Crest Apartments

Unit (Bd/Ba)	Ft²	Rent
1 BR (1/1)	694ft²	$495 $825^†
2 BR (2/1)	963ft²	$605 $925^†

Income Qualification for Cedar Crest Apartments

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people
50% AMI for LIHTC Units	$33,150 / year	$37,850 / year	$42,600 / year	$47,300 / year
50% AMI for PBRA Units	$33,150 / year	$37,850 / year	$42,600 / year	$47,300 / year
60% AMI for LIHTC Units	$39,780 / year	$45,420 / year	$51,120 / year	$56,760 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Cedar Crest Apartments

Does Cedar Crest Apartments have a waiting list?

Cedar Crest Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Cedar Crest Apartments?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges Cedar Crest Apartments?

Cedar Crest Apartments is managed by T&L Properties LLC headquartered in Granger, Iowa.

In addition to Cedar Crest Apartments, how many other affordable housing properties (and units) are there in Cedar Rapids?

In addition to Cedar Crest Apartments, we list 95 other affordable properties in Cedar Rapids. Learn about these properties here. Our data research shows that there are a total of 3145 affordable units in Cedar Rapids.

When was the Cedar Crest Apartments listing last updated?

Cedar Crest Apartments listing on Affordable Housing Online was last updated on 06/07/2024 by Joshua Cappell. Remember, a property's status can change so you should contact the property to confirm.