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Lakewood Apartments

420 Bench St SW, Chatfield, Minnesota 55923

Lakewood Apartments offer 1 bedroom senior housing in Chatfield, MN. The apartments are conveniently located near churches and are one half of a block from shopping. Lakewood is nestled into a quiet residential neighborhood just blocks from downtown. The building is secure and comes complete with community room for gatherings and birthday parties, an elevator, laundry room, most utilities paid for, and plenty of scheduled social activities. Rent at this property is based on income.

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Units

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

Lakewood Apartments Details

  • 24 0 bedroom units.
  • Water and Sewer utilities included in rent
  • Heat utility included in rent
  • Section 202 Supportive Housing for the Elderly

Property Amenities

  • Controlled Access
  • Community Room
  • Off-Street Parking
  • Laundry Facilities
  • Pet Friendly
  • Heat Included
  • Wheel Chair Accessible

Unit Amenities

  • Air Conditioning
  • Garbage Disposal
  • Cable Ready
  • Water Trash and Sewer Included

Nearby Amenities

  • Close to Public Transportation

Office Hours

Day Hours
Monday 8:00am-12:00pm
Tuesday 8:00am-12:00pm
Wednesday 8:00am-12:00pm
Thursday 8:00am-12:00pm
Friday 8:00am-12:00pm

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

Chatfield HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Chatfield but actual income limits may differ for units at Lakewood Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,950 $18,200 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% $26,600 $30,400 $34,200 $37,950 $41,000 $44,050 $47,100 $50,100
80% $42,500 $48,600 $54,650 $60,700 $65,600 $70,450 $75,300 $80,150

Lakewood Apartments is managed by Paramark Real Estate Services.

Image of Lakewood Apartments