About This Property
Cypress Lofts offers 51 units in Cedar Rapids, including 45 low-income units designated for families. The property features a mix of one, two, and three-bedroom floor plans, with 6 one-bedroom, 33 two-bedroom, and 12 three-bedroom units available. Placed in service in 2019, the community utilizes 9% Low-Income Housing Tax Credits to support affordability.
Waitlist Information
Waitlist managed by Cedar Rapids Housing Services
Eligibility requires income below HUD limits, qualifying as a family, U.S. citizenship or eligible immigrant status, providing social security numbers, consent to PHA information collection, and criminal background checks; local residency preferences apply, and declining two invitations will purge the application from the waitlist.
Eligibility requires meeting HUD and PHA family definitions, having income at or below HUD-specified limits, qualifying based on citizenship or eligible immigrant status, and providing social security numbers. The waiting list will remain closed for an undetermined time.
Waitlist data provided by section8waitlist.org
Updated September 5, 2026
Property Details
Fair Market Rent - Linn County, IA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $638 |
| 1 Bedroom | $716 |
| 2 Bedroom | $941 |
| 3 Bedroom | $1,326 |
| 4 Bedroom | $1,597 |
Income Limits - Linn County, IA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,800
- Very Low (50%)
- $31,300
- Low (80%)
- $50,050
- Extremely Low (30%)
- $21,450
- Very Low (50%)
- $35,800
- Low (80%)
- $57,200
- Extremely Low (30%)
- $24,150
- Very Low (50%)
- $40,250
- Low (80%)
- $64,350
- Extremely Low (30%)
- $26,800
- Very Low (50%)
- $44,700
- Low (80%)
- $71,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $48,300
- Low (80%)
- $77,250
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $51,900
- Low (80%)
- $82,950
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $55,450
- Low (80%)
- $88,700
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $59,050
- Low (80%)
- $94,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,800 | $31,300 | $50,050 |
| 2 Persons | $21,450 | $35,800 | $57,200 |
| 3 Persons | $24,150 | $40,250 | $64,350 |
| 4 Persons | $26,800 | $44,700 | $71,500 |
| 5 Persons | $31,040 | $48,300 | $77,250 |
| 6 Persons | $35,580 | $51,900 | $82,950 |
| 7 Persons | $40,120 | $55,450 | $88,700 |
| 8 Persons | $44,660 | $59,050 | $94,400 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Cedar Rapids, IA?+
The Fair Market Rent (FMR) for Linn County, IA is: $638 (Studio), $716 (1BR), $941 (2BR), $1326 (3BR), $1597 (4BR). Actual rent at subsidized properties like Cypress Lofts is typically 30% of household income or less.
What size apartments are available at Cypress Lofts?+
Cypress Lofts offers the following unit types: 6 One-Bedroom, 33 Two-Bedroom, 12 Three-Bedroom units, for a total of 51 units.
Who manages Cypress Lofts?+
Cypress Lofts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Cedar Rapids, IA?+
Based on Fair Market Rent for Linn County, the estimated price range is: 1-bedroom: $716, 2-bedroom: $941, 3-bedroom: $1326. Actual rent at Cypress Lofts may be lower for income-eligible households.
How do I apply for housing at Cypress Lofts?+
Cypress Lofts 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.
Is there a waitlist for Cypress Lofts?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who is eligible to live at Cypress Lofts?+
Cypress Lofts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Linn County, IA?+
For a 4-person household in Linn County, IA, the income limits are: Extremely Low Income (30% AMI): $26,800, Very Low Income (50% AMI): $44,700, Low Income (80% AMI): $71,500. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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