1160 Martin Luther King Jr Pkwy, Des Moines, IA 50314
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 4 Beds | 2.5 Baths | 2,000 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.
The Des Moines Greystones consist of 26 single-family homes in Des Moines. The design is inspired by the unique Chicago Greystone architectural style, variations of which are ubiquitous throughout the City of Chicago. Each home has four bedrooms and two and half bathrooms, along with a large open kitchen and living room area.
The homes are rent to own homes, providing an incubation space for future homeowners. Applicants will be required to take home-ownership classes and do basic home maintenance in preparation for owning a home in the future. Each month, $50 from rent will be saved in an escrow account and will be available for the tenant if they choose to purchase a home immediately after tenancy at the Des Moines Greystones.
Because Des Moines Greystone Homes Lp 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. Depending on the number of HOME-designated units, additional units may have even lower household income requirements and corresponding lower rent caps.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 4 Bedroom (4/2.5) | 2000ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $36,550 / year | $41,750 / year | $46,950 / year | $52,150 / year | $56,350 / year | $60,500 / year | $64,700 / year | $68,850 / year |
| 50% AMI for PBRA Units | $36,550 / year | $41,750 / year | $46,950 / year | $52,150 / year | $56,350 / year | $60,500 / year | $64,700 / year | $68,850 / year |
| 60% AMI for LIHTC Units | $43,860 / year | $50,100 / year | $56,340 / year | $62,580 / year | $67,620 / year | $72,600 / year | $77,640 / year | $82,620 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Des Moines Greystone Homes Lp have a waiting list?
Des Moines Greystone Homes Lp 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 Des Moines Greystone Homes Lp?
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 Des Moines Greystone Homes Lp?
Des Moines Greystone Homes Lp is managed by Perennial Management, LLC headquartered in Saint Paul, MN.
In addition to Des Moines Greystone Homes Lp, how many other affordable housing properties (and units) are there in Des Moines?
In addition to Des Moines Greystone Homes Lp, we list 137 other affordable properties in Des Moines. Learn about these properties here. Our data research shows that there are a total of 7312 affordable units in Des Moines.
When was the Des Moines Greystone Homes Lp listing last updated?
Des Moines Greystone Homes Lp listing on Affordable Housing Online was last updated on 01/02/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
1401 E Capitol Ave, Des Moines, Iowa 50316
504 E Hillside Ave , Des Moines, Iowa 50315
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