About This Property
Cedar Valley Apts comprises 4 low-income housing units in Cedar Rapids, NE. The property has been in service since 1992 and is situated in Boone County.
Property Details
Fair Market Rent - Boone County, NE
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $591 |
| 1 Bedroom | $664 |
| 2 Bedroom | $872 |
| 3 Bedroom | $1,150 |
| 4 Bedroom | $1,419 |
Income Limits - Boone County, NE
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,050
- Very Low (50%)
- $25,100
- Low (80%)
- $40,150
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,700
- Low (80%)
- $45,900
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,300
- Low (80%)
- $51,650
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,850
- Low (80%)
- $57,350
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,750
- Low (80%)
- $61,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,600
- Low (80%)
- $66,550
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,500
- Low (80%)
- $71,150
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,350
- Low (80%)
- $75,750
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,050 | $25,100 | $40,150 |
| 2 Persons | $17,420 | $28,700 | $45,900 |
| 3 Persons | $21,960 | $32,300 | $51,650 |
| 4 Persons | $26,500 | $35,850 | $57,350 |
| 5 Persons | $31,040 | $38,750 | $61,950 |
| 6 Persons | $35,580 | $41,600 | $66,550 |
| 7 Persons | $40,120 | $44,500 | $71,150 |
| 8 Persons | $44,660 | $47,350 | $75,750 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Cedar Rapids, NE?+
The Fair Market Rent (FMR) for Boone County, NE is: $591 (Studio), $664 (1BR), $872 (2BR), $1150 (3BR), $1419 (4BR). Actual rent at subsidized properties like Cedar Valley Apts is typically 30% of household income or less.
What are the income limits for affordable housing in Boone County, NE?+
For a 4-person household in Boone County, NE, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,850, Low Income (80% AMI): $57,350. These limits are set by HUD and updated annually.
How do I apply for housing at Cedar Valley Apts?+
Cedar Valley Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who manages Cedar Valley Apts?+
Cedar Valley Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
