Newton Park Apartments

1425 North 11th Avenue NE, Newton, Iowa 50208

Newton Park Apartments are located in the thriving community of Newton, IA, about 40 minutes east of Des Moines. Newton offers an active parks department, library, the Iowa Speedway, and hiking and biking trails as well as shopping, dining, and entertainment venues. A small town feel makes it easy to call Newton "home".

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Units

Unit (Bd/Ba) Ft2 Rent
1 BR (1/1) 600 Income Based
2 BR (2/1) 720 Income Based

Newton Park Apartments Details

  • 24 0 and 0 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

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.

Newton 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 Newton but actual income limits may differ for units at Newton Park Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $25,150 $28,750 $32,350 $35,900 $38,800 $41,650 $44,550 $47,400
Low Income (60%) $30,180 $34,500 $38,820 $43,080 $46,560 $49,980 $53,460 $56,880

Newton Park Apartments is managed by T&L Properties LLC.

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