Crestwood Ridge Apartments, located at 1200 Edgewood Rd NW in Cedar Rapids, has one, two and three bedroom apartments. Crestwood Ridge Apartments participates in the Low-Income Housing Tax Credit (LIHTC) program.
|1 Bedroom (1/1)||632||Income Based|
|2 Bedroom (2/1)||800||Income Based|
|3 Bedroom (3/1.5)||1004-1010||Income Based|
Crestwood Ridge is a new 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.
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.
Crestwood Ridge Apartments is managed by CommonBond Communities.