Valley View Apartments

427 Ashton Pl NE, Cedar Rapids, Iowa 52402

Valley View Apartments, located at 427 Ashton Pl NE in Cedar Rapids, has one, two and three bedroom apartments. Valley View Apartments participates in the Low-Income Housing Tax Credit (LIHTC) program.

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Two Bedroom, Three Bedroom is Open Now

Last updated on November 14th, 2017

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 568 Income Based
2 Bedroom (2/1) 750 Income Based
3 Bedroom (3/2) 1008 Income Based

Valley View Apartments Details

  • 96 one, two and three bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

About Valley View Apartments

Discover the best apartments in Cedar Rapids, Iowa at Valley View Apartment Homes. Our charming community offers residents the finest amenities and services to fully realize their dream living scenario. From the individual benefits you'll find inside your new apartment to the numerous comforts throughout our property, we strive to provide every convenience to our residents, granting them with the peace-of-mind they need to enjoy coming home. Each of our one, two, and three-bedroom floor plans includes all the features you've been wanting in a home such as kitchen appliances, stylish flooring, and a bit of outdoor space to keep you connected to your natural environment. At Valley View Apartment Homes, you can enjoy our quiet, accommodating neighborhood along with close proximity to Cedar Rapid's hottest destinations. Call to schedule your personalized tour today!

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.

Cedar Rapids Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Cedar Rapids but actual income limits may differ for units at Valley View Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $31,300 $35,750 $40,200 $44,650 $48,250 $51,800 $55,400 $58,950
Low Income (60%) $37,560 $42,900 $48,240 $53,580 $57,900 $62,160 $66,480 $70,740

Valley View Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Valley View Apartments is managed by Seldin Company.

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Image of Valley View Apartments
Image of Valley View Apartments

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Country Hill

635 Ashton Place N.E.
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Call For Rent
1-2 BR
HCV Welcome