16397 Glory Ln, Eden Prairie, MN 55344
Waiting List Forecast: Likely Short or None
Verified for 2022 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,030 - 1,447 per Month† | 1 - 3 Beds | 1 - 2 Baths | 738 - 1,234 Sq Ft |
This property is currently under construction.
Opening September 2020
Trail Pointe Ridge will be a 58 unit building that will have an elevator and a mixture of 1, 2 and 3 bedrooms. Trail Pointe Ridge will have tax credit units and will also be accepting HRA Vouchers.
Because Trail Point Ridge 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 |
|---|---|---|
| 1 Bedroom (1/1) | 738ft2 | Call for Price† |
| 2 Bedroom (2/1) | 957ft2 | $1,030† |
| 3 Bedroom (3/2) | 1234ft2 | $1,447† |
| 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 Trail Point Ridge have a waiting list?
Trail Point Ridge 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 Trail Point Ridge?
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 Trail Point Ridge?
Trail Point Ridge is managed by CommonBond Communities headquartered in St. Paul, MN.
In addition to Trail Point Ridge, how many other affordable housing properties (and units) are there in Eden Prairie?
In addition to Trail Point Ridge, we list 7 other affordable properties in Eden Prairie. Learn about these properties here. Our data research shows that there are a total of 710 affordable units in Eden Prairie.
7475 Flying Cloud Dr, Eden Prairie, Minnesota 55344
If you're a homeless veteran, contact your VA Medical Center.
You may have an opportunity to apply for a VASH voucher, which is a Section 8 voucher for homeless veterans.Takesha Powell says:
"Affordable Housing Online is a great resource that provides a lot of helpful links to get low-income and affordable housing."