Cypress Lofts

1225 Jacolyn Dr SW, Cedar Rapids, Iowa 52404

Contact Cypress Lofts

Cypress Lofts, a beautiful, pet friendly community is comprised of one, two and three bedroom apartment homes. Each spacious floor plan includes modern amenities you would expect to find in a luxury home, at affordable rental rates: a fully-equipped gourmet kitchen with energy-efficient appliances, exceptional closet space, central air conditioning, and a laundry room which includes a full-size washer and dryer! The common space provides comforts of contemporary living which include a fitness center and a business center with computer workstations. Our building is smoke-free & environmentally friendly. Contact us today to reserve your new home at Cypress Lofts!

Qualifying Income Not to Exceed:

1 person – $37,560
2 person(s) – $42,900
3 person(s) – $48,240
4 person(s) – $53,580
5 person(s) – $57,900
6 person(s) – $62,160
*Minimum income to qualify must be greater than or equal to 2x the asking rent

**Qualification for residency is determined by Multifamily Tax Subsidy income guidelines issued by the US Department of Housing and Urban Development each year and therefore is subject to change.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (Wild Rose) (1/1)	-	From $917
Two Bedroom (Red Cedar) (2/2)	-	From $1,097
Three Bedroom (3/2)	-	From $1,265

Eligibility for Cypress Lofts

Cypress Lofts Details

51 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Fitness Center
Community Room
Business Center
On-Site Manager
Off-Street Parking
Smoke Free
Wireless Internet Access
High Speed Internet Access

Unit Amenities

Central Air
Microwave
Water Trash and Sewer Included
Washer and Dryer Included

Office Hours

Day	Hours
Monday	9:00am-1:00pm
Tuesday	9:00am-1:00pm
Wednesday	9:00am-1:00pm
Thursday	9:00am-1:00pm
Friday	9:00am-1:00pm

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.