8735 Portland Ave S, Bloomington, MN 55420
Waiting List Forecast: Likely Short or None
Verified for 2023 by Sherman Marketing| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 1 - 2 Baths | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
The Crossings at Valley View is a brand new property located in an established community in Bloomington, MN. It consists of two- and three-bedroom apartments. The Crossings at Valley View is conveniently located next to the city library, across from the junior high school, within walking distance to a water park and just minutes from the Mall of America.
Because The Crossings at Valley View participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. Depending on the number of HOME-designated units, additional units may have even lower household income requirements and corresponding lower rent caps.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 2 Bedroom (2/1) | - | Call for Price† |
| 3 Bedroom (3/2) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $43,500 / year | $49,700 / year | $55,900 / year | $62,100 / year | $67,100 / year | $72,050 / year |
| 50% AMI for PBRA Units | $43,500 / year | $49,700 / year | $55,900 / year | $62,100 / year | $67,100 / year | $72,050 / year |
| 60% AMI for LIHTC Units | $52,200 / year | $59,640 / year | $67,080 / year | $74,520 / year | $80,520 / year | $86,460 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Crossings at Valley View have a waiting list?
The Crossings at Valley View probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at The Crossings at Valley View?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges The Crossings at Valley View?
The Crossings at Valley View is managed by Sherman Associates headquartered in Minneapolis, MN.
In addition to The Crossings at Valley View, how many other affordable housing properties (and units) are there in Bloomington?
In addition to The Crossings at Valley View, we list 17 other affordable properties in Bloomington. Learn about these properties here. Our data research shows that there are a total of 905 affordable units in Bloomington.
When was the The Crossings at Valley View listing last updated?
The Crossings at Valley View listing on Affordable Housing Online was last updated on 10/03/2023 by Sherman Marketing. Remember, a property's status can change so you should contact the property to confirm.
Wait until you have a Section 8 voucher to find housing.
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