Corinthian Gardens

1011 University Ave, Des Moines, Iowa 50314

Contact Corinthian Gardens

Corinthian Gardens offers A studio and 1 bedroom Apartments. Residents can watch the lively neighborhood happenings in the gazebo out front, relax on the quiet patio out back, or gather inside for cards, games or TV in the huge community room. The second and third floors each have a smaller, quieter community room, great for small groups, Bible study, crafts or puzzles.

Unit (Bd/Ba)	Ft²	Rent
studio (Studio/1)	-	Call for Price
1 Bedroom (1/1)	-	Call for Price

Eligibility for Corinthian Gardens

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Des Moines but actual income limits may differ for units at Corinthian Gardens.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$21,950	$25,050	$28,200	$31,300	$35,140	$40,280	$45,420	$50,560
50%	$36,550	$41,750	$46,950	$52,150	$56,350	$60,500	$64,700	$68,850
80%	$58,450	$66,800	$75,150	$83,450	$90,150	$96,850	$103,500	$110,200

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 Des Moines but actual income limits may differ for units at Corinthian Gardens.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$36,550	$41,750	$46,950	$52,150	$56,350	$60,500	$64,700	$68,850

Corinthian Gardens Details

75 studio and one bedroom units.
Section 202 Supportive Housing for the Elderly
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Community Room
Gazebo

Unit Amenities

Dishwasher
Microwave
Patio Deck Or Balcony
Storage
Refrigerator
Stove
Fully Equipped Kitchen
Washer and Dryer Included

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

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.