1401 E Capitol Ave, Des Moines, IA 50316
Waiting List Forecast: Likely Short or None
Verified for 2019 by Kelsey Voyce| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $650 per Month† | 2 Beds | 1 Bath | 1,250 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.
Stewart Park Townhomes participates in an affordable housing program. Applicants must meet income qualification; total household gross income is based on 60% or lower of the median income adjusted for household size. Section 8 Voucher holders are encouraged to apply!
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 Stewart Park 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 |
|---|---|---|
| Two Bedroom (2/1) | 1250ft2 | $650† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $36,550 / year | $41,750 / year | $46,950 / year | $52,150 / year |
| 50% AMI for PBRA Units | $36,550 / year | $41,750 / year | $46,950 / year | $52,150 / year |
| 60% AMI for LIHTC Units | $43,860 / year | $50,100 / year | $56,340 / year | $62,580 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Stewart Park Apartments have a waiting list?
Stewart Park 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 Stewart Park 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 Stewart Park Apartments?
Stewart Park Apartments is managed by CommonBond Communities headquartered in St. Paul, MN.
In addition to Stewart Park Apartments, how many other affordable housing properties (and units) are there in Des Moines?
In addition to Stewart Park Apartments, we list 208 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.
Preferences are not a requirement.
You should still consider applying to waiting lists with preferences you don't qualify for. There is still a chance to get housing.Josie Shivers says:
"Affordable Housing Online is a very helpful website. I was able to put it in a Section 8 application, and received a letter that I was chosen to be on a waiting list!"