Vine Street Lofts is managed by Sherman Associates.
The convenience of downtown living is right outside your doorstep at Vine Street Lofts. With its proximity to the Court Avenue District, Principal Park, Downtown Farmers’ Market, a variety of festivals, the Civic Center and downtown’s skyway, Vine Street Lofts is a unique community you will want to call home. Offering spacious studio, one and two bedroom living spaces in Downtown Des Moines, Vine Street Lofts features front row views of the scenic riverfront, beautiful community courtyard, heated underground parking, generous closet space and new kitchen appliances. Enjoy the convenience of urban living and the appeal of modern home designs.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | 391 | Call for Price |
1 Bedroom (1/1) | 682 | From $758 $987 |
2 Bedroom (2/2) | 1 | From $876 To $987 |
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 Vine Street 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.