5480 Kirkwood Blvd SW, Cedar Rapids, IA 52404
Waiting List Forecast: Likely Short or None
Verified for 2024 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
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.
Because The Way Home 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. Because of the LIHTC program, additional units are set aside for households earning 50% or less of the AMI with corresponding lower rent caps.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $33,150 / year | $37,850 / year | $42,600 / year | $47,300 / year | $51,100 / year | $54,900 / year | $58,700 / year | $62,450 / year |
| 50% AMI for PBRA Units | $33,150 / year | $37,850 / year | $42,600 / year | $47,300 / year | $51,100 / year | $54,900 / year | $58,700 / year | $62,450 / year |
| 60% AMI for LIHTC Units | $39,780 / year | $45,420 / year | $51,120 / year | $56,760 / year | $61,320 / year | $65,880 / year | $70,440 / year | $74,940 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Way Home have a waiting list?
The Way Home 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 The Way Home?
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.
In addition to The Way Home, how many other affordable housing properties (and units) are there in Cedar Rapids?
In addition to The Way Home, 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 The Way Home listing last updated?
The Way Home 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.
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