Excelsior Court Apartments

7276 Excelsior Rd, Baxter, Minnesota 56425

Excelsior Court Apartments, located at 7276 Excelsior Rd in Baxter, has one bedroom apartments. Excelsior Court Apartments participates in the Section 515 Rural Rental Housing, Low-Income Housing Tax Credit (LIHTC) and Section 521 USDA Rental Assistance programs.

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 624 Income Based

Excelsior Court Apartments Details

  • 24 one bedroom units.
  • Water and Sewer utilities included in rent
  • Heat utility included in rent
  • Accepts Section 8 Housing Choice Vouchers (HCV)
  • Project-Based Rental Assistance

Property Amenities

  • Community Room
  • Off-Street Parking
  • Experienced Management
  • Coin-Operated Laundry
  • Pet Friendly

Unit Amenities

  • Refrigerator
  • Water Trash and Sewer Included
  • Heat and Hot Water Included
  • Stove

About Excelsior Court Apartments

Excelsior Court Apartments offer 1 bedroom apartments. This community is pet friendly.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

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.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Excelsior Court Apartments is managed by DW Jones Management Inc.

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