Located at 323 3rd St SE in the heart of downtown Cedar Rapids, Cornerstone Place features large studio, one, two and three bedroom units. Each unit is equipped with washer and dryer, beautiful hardwood floors, soaring ceilings, and natural sunlight. A secure main floor lobby and elevators give you the reassurance of safety, while the convenient downtown location gives you endless options for walkable activities including bars, restaurants, theaters, and parks. A large freight elevator is also located within the building making your move in easy. Each unit also comes with a storage closet in the hallway for additional storage needs. Ramp parking is available for additional monthly cost.
The unit opening is in a program called HOME until 2028 and there is an income cap on the amount of annual income the tenant can make. It's not low income housing, rather a program designed to ensure quality options for qualified tenants at a discounted rate. If you are a single person with no other dependents/tenants, you'd need to make under $59,000.00 annually. If there are additional tenants or occupants, that number does increase as well. There are some units in this property that are market rate and do not have an income cap, they are just not available at this time.
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