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Chesapeake Apartments Phase I&ll

800 N Palm Ave, Mount Pleasant, Iowa 52641

Welcome to the Chesapeake Apartments in Mt. Pleasant, IA! This community features on-site laundry and central air conditioning. Mt. Pleasant is close to Cedar Rapids and Chesapeake Apartments are very close to Wal-Mart and several restaurants. Small pets are allowed and the playground is great for entertaining. The landlord will be responsible for garbage services, water, snow removal and lawn care. Fill out our application and see for yourself just how Chesapeake Apartments can make your life better.

Waiting List is Open Now

Chesapeake Apartment's waiting list is open.
 

Last updated on April 7th, 2021

Eligibility for Chesapeake Apartments Phase I&ll

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 Mount Pleasant but actual income limits may differ for units at Chesapeake Apartments Phase I&ll.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $29,250 $33,400 $37,600 $41,750 $45,100 $48,450 $51,800 $55,150
Low Income (60%) $35,100 $40,080 $45,120 $50,100 $54,120 $58,140 $62,160 $66,180

Chesapeake Apartments Phase I&ll Details

  • 24 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Playground
  • Clubhouse
  • Laundry Facility

Unit Amenities

  • Central Air
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.

Images of Chesapeake Apartments Phase I&ll
Image of Chesapeake Apartments Phase I&ll