15734 Foliage Ave, Apple Valley, MN 55124
Waiting List Forecast: Likely Short or None
Verified for 2021 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 4 Beds | 1 - 3 Baths | 785 - 2,100 Sq Ft |
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.
Hearthstone Apartments and Townhomes is centrally located in Apple Valley, MN featuring modern, spacious homes with all the amenities you are looking for!
As a resident of Hearthstone, you will enjoy their resort style outdoor pool , 24-hour fitness center, clubhouse with Wi-Fi, underground parking, dog run, picnic area with playground and much more! Hearthstone is conveniently located just miles away from 77, 35, and 494 making your commute a breeze! Not to mention minutes from the MN Zoo, Mall of America, and MSP Airport!
Make Hearthstone your new home today!
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Hearthstone Townhomes and Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 785ft2 | Call for Price† |
| 1 Bedroom (1/1) | 860ft2 | Call for Price† |
| 1 Bedroom (1/1) | 865ft2 | Call for Price† |
| 2 Bedroom (2/1) | 1027ft2 | Call for Price† |
| 2 Bedroom (2/2) | 1073ft2 | Call for Price† |
| 2 Bedroom (2/2) | 1135ft2 | Call for Price† |
| 2 Bedroom (2/2.5) | 1515ft2 | Call for Price† |
| 3 Bedroom (3/2) | 1300ft2 | Call for Price† |
| 3 Bedroom (3/2) | 1475ft2 | Call for Price† |
| 3 Bedroom (3/3) | 1932ft2 | Call for Price† |
| 4 Bedroom (4/3) | 2100ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $43,500 / year | $49,700 / year | $55,900 / year | $62,100 / year | $67,100 / year | $72,050 / year | $77,050 / year | $82,000 / year |
| 50% AMI for PBRA Units | $43,500 / year | $49,700 / year | $55,900 / year | $62,100 / year | $67,100 / year | $72,050 / year | $77,050 / year | $82,000 / year |
| 60% AMI for LIHTC Units | $52,200 / year | $59,640 / year | $67,080 / year | $74,520 / year | $80,520 / year | $86,460 / year | $92,460 / year | $98,400 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Hearthstone Townhomes and Apartments have a waiting list?
Hearthstone Townhomes and Apartments 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 Hearthstone Townhomes and Apartments ?
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.
In addition to Hearthstone Townhomes and Apartments , how many other affordable housing properties (and units) are there in Apple Valley?
In addition to Hearthstone Townhomes and Apartments , we list 12 other affordable properties in Apple Valley. Learn about these properties here. Our data research shows that there are a total of 802 affordable units in Apple Valley.
14050 Granite Avenue, Apple Valley, Minnesota 55124
Section 8 vouchers can be moved to another area.
Once certain conditions are met, a Section 8 voucher may be transferred to another area (known as "porting").Celeste Law says:
"Affordable Housing Online is a great source of information, and is very helpful in answering questions about Section 8 and Public Housing."