3140 Northdale Boulevard Northwest, Coon Rapids, MN 55433
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Sherman Marketing| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 803 - 1,286 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.
Nova at Riverdale Station is illuminating the neighborhood with brand-new mixed-income apartment homes. Located in the thriving community of Coon Rapids and adjacent to the Riverdale Transit Station on the NorthStar Commuter Rail, Nova offers a prime location with the modern conveniences you desire.
Their Community Room with fully-equipped kitchen and billiards table, Outdoor Amenity Deck, and resident lounge offer an extension to your living space. Balconies on every apartment home, walk-in closets, and an in-home washer and dryer let you rest easy after a long day.
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 Nova at Riverdale Station 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. As a LIHTC property that chose the 20/50 election, this property has agreed to set aside at least 20% of its units for families and individuals earning 50% of Area Median Income (AMI). Many of these properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with very low incomes.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 803ft2 | Call for Price† |
| 2 Bedroom (2/2) | 996ft2 | Call for Price† |
| 3 Bedroom (3/2) | 1286ft2 | 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 Nova at Riverdale Station have a waiting list?
Nova at Riverdale Station 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 Nova at Riverdale Station?
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 Nova at Riverdale Station?
Nova at Riverdale Station is managed by Sherman Associates headquartered in Minneapolis, MN.
In addition to Nova at Riverdale Station, how many other affordable housing properties (and units) are there in Coon Rapids?
In addition to Nova at Riverdale Station, we list 20 other affordable properties in Coon Rapids. Learn about these properties here. Our data research shows that there are a total of 1056 affordable units in Coon Rapids.
When was the Nova at Riverdale Station listing last updated?
Nova at Riverdale Station listing on Affordable Housing Online was last updated on 09/13/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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").Gordon Gross says:
"The best feature of Affordable Housing Online is being notified by email when a waiting list opens, or is scheduled to do so. I'm very grateful for this website's services."