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
No specific waiting list information found for a Public Housing program administered by Cedar Rapids Housing Services.
The waiting list was last open for one day on October 14, 2019. Eligibility requires meeting HUD and PHA family definitions, income limits, citizenship or eligible immigrant status, providing social security numbers, and consenting to information use. Reasonable accommodation requests for disabilities can be made by contacting the office.
Waitlist data provided by section8waitlist.org
Updated May 8, 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.
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.
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.
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.
Is there a waitlist for Cypress Lofts?+
Public Housing waitlist is currently Closed. 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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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