Melbourne Apartments

5515 SE 14th St, Des Moines, Iowa 50320

Contact Melbourne Apartments

Melbourne Apartments are an affordable apartment complex, located in Des Moines, Iowa. This complex offers 1, 2, and 3 bedroom options for residents. A selection of amenities are also offered.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	640	$820
2 Bedroom (2/2)	927	$945

Eligibility for Melbourne Apartments

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 Melbourne Apartments.

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

Melbourne Apartments Details

62 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program

Property Amenities

Fitness Center
Playground
Community Room
Business Center
Clubhouse
On-Site Manager
Grilling Area
Online Payments Accepted
Picnic Area

Unit Amenities

Dishwasher
Garbage Disposal
Microwave
Window Coverings
Hardwood Floors
Private Patio and Balcony

Nearby Amenities

Close to Public Transportation
Close to Shopping
Near Schools

Office Hours

Day	Hours
Monday	8:00am-5:00pm
Tuesday	8:00am-5:00pm
Wednesday	8:00am-5:00pm
Thursday	8:00am-5:00pm
Friday	8:00am-5:00pm

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.