1200 Edgewood Rd NW, Cedar Rapids, IA 52404
Waiting List Forecast: Likely Short or None
Verified for 2019 by Kelsey Voyce| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 1.5 Bath | 632 - 1,004 Sq Ft |
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.
Crestwood Ridge is a development in Cedar Rapids, IA. This family property has one, two, and three bedroom units, with a community room, in-unit washers and dryers, and computer lab. The building is located near a host of neighborhood amenities, including an elementary school, medical facilities, a park, and shopping area and restaurants.
Crestwood Ridge participates in an affordable housing program. Applicants must meet income qualification; total household gross income is based on 60% of the median income adjusted for household size.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Crestwood Ridge Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 632ft2 | Rent is Based On Your Income† |
| 2 Bedroom (2/1) | 800ft2 | Rent is Based On Your Income† |
| 3 Bedroom (3/1.5) | 1004ft2 | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $33,150 / year | $37,850 / year | $42,600 / year | $47,300 / year | $51,100 / year | $54,900 / year |
| 50% AMI for PBRA Units | $33,150 / year | $37,850 / year | $42,600 / year | $47,300 / year | $51,100 / year | $54,900 / year |
| 60% AMI for LIHTC Units | $39,780 / year | $45,420 / year | $51,120 / year | $56,760 / year | $61,320 / year | $65,880 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Crestwood Ridge Apartments have a waiting list?
Crestwood Ridge 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 Crestwood Ridge 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 Crestwood Ridge Apartments?
Crestwood Ridge Apartments is managed by CommonBond Communities headquartered in St. Paul, MN.
In addition to Crestwood Ridge Apartments, how many other affordable housing properties (and units) are there in Cedar Rapids?
In addition to Crestwood Ridge Apartments, we list 48 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.
Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Judy Robinson Fiebiger says:
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