Des Moines Greystone Homes Lp

1160 Martin Luther King Jr Pkwy, Des Moines, Iowa 50314

Contact Des Moines Greystone Homes Lp

The Des Moines Greystones consist of 26 single-family homes in Des Moines. The design is inspired by the unique Chicago Greystone architectural style, variations of which are ubiquitous throughout the City of Chicago. Each home has four bedrooms and two and half bathrooms, along with a large open kitchen and living room area.

The homes are rent to own homes, providing an incubation space for future homeowners. Applicants will be required to take home-ownership classes and do basic home maintenance in preparation for owning a home in the future. Each month, $50 from rent will be saved in an escrow account and will be available for the tenant if they choose to purchase a home immediately after tenancy at the Des Moines Greystones.

Unit (Bd/Ba)	Ft²	Rent
4 Bedroom (4/2.5)	2000	Call for Price

Eligibility for Des Moines Greystone Homes Lp

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 Des Moines Greystone Homes Lp.

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
Low Income (60%)	$43,860	$50,100	$56,340	$62,580	$67,620	$72,600	$77,640	$82,620

Des Moines Greystone Homes Lp Details

26 four bedroom units.
$30.00 application fee
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program

Property Amenities

Controlled Access
On-Site Parking
Energy Star Appliances
On-Site Maintenance
Laundry Facilities

Unit Amenities

Air Conditioning
Dishwasher
Garbage Disposal
Cable Ready
Washer and Dryer Included

Office Hours

Day	Hours
Monday	9:00am-3:00pm
Tuesday	9:00am-3:00pm
Wednesday	9:00am-3:00pm
Thursday	9:00am-3:00pm
Friday	9:00am-3:00pm

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.