Crane Artists Lofts is managed by Paramark Real Estate Services.
Welcome to Crane Artist Lofts! The historic Crane factory has been renovated into loft style apartments for local artisans. Building amenities include a pottery room with kiln, music practice room, performance/community display space, computer room, media room, fitness center, outdoor terrace with gas grill, underground parking and additional storage included, secured access. Downtown Des Moines provides convenience, entertainment, and employment opportunities all within walking distance. Income restrictions apply to some units. One member of household must be actively involved in visual, performance or some other form of the arts to qualify. Please call for an appointment today.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | - | Call for Price |
2 Bedroom (2/1) | - | Call for Price |
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 Crane Artists Lofts.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
Very Low Income (50%) | $36,550 | $41,750 | $46,950 | $52,150 |
Low Income (60%) | $43,860 | $50,100 | $56,340 | $62,580 |
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.