2401 14th St E, Glencoe, MN 55336
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 1 - 1.5 Bath | 980 - 1,100 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.
Welcome to Kestrel Park Townhomes in beautiful Glencoe, MN! This community offers spacious 2- and 3-bedroom townhomes. These townhomes are thoughtfully designed to provide you with the ultimate living experience. You'll love the convenience of having a dishwasher in your home, making meal prep and clean-up a breeze. Central air conditioning ensures you stay comfortable all year round, and the attached garage provides added convenience and security for your vehicle and belongings. Enjoy the outdoors with your furry friends at Kestrel Park Townhomes, since this is a pet-friendly community.
Relax and unwind on your private patio, perfect for outdoor entertaining or simply enjoying a cup of coffee in the morning. Each townhome also includes a washer and dryer, so you can do your laundry in the comfort of your own home without the hassle of a laundromat. Kestrel Park Townhomes offers more than just stylish living spaces - a playground for younger residents to enjoy is provided. Let your kids play and explore in a safe and fun environment right within our community.
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 Kestrel Park Townhomes 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many 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 lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Two Bedroom (2/1) | 980ft2 | Call for Price† |
| Three Bedroom (3/1.5) | 1100ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $32,900 / year | $37,600 / year | $42,300 / year | $47,000 / year | $50,800 / year | $54,550 / year |
| 50% AMI for PBRA Units | $32,900 / year | $37,600 / year | $42,300 / year | $47,000 / year | $50,800 / year | $54,550 / year |
| 60% AMI for LIHTC Units | $39,480 / year | $45,120 / year | $50,760 / year | $56,400 / year | $60,960 / year | $65,460 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Kestrel Park Townhomes have a waiting list?
Kestrel Park Townhomes 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 Kestrel Park Townhomes?
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 Kestrel Park Townhomes?
Kestrel Park Townhomes is managed by MetroPlains Management, LLC headquartered in Devils Lake, North Dakota.
In addition to Kestrel Park Townhomes, how many other affordable housing properties (and units) are there in Glencoe?
In addition to Kestrel Park Townhomes, we list 4 other affordable properties in Glencoe. Learn about these properties here. Our data research shows that there are a total of 130 affordable units in Glencoe.
When was the Kestrel Park Townhomes listing last updated?
Kestrel Park Townhomes listing on Affordable Housing Online was last updated on 11/22/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
715 Greeley Ave N, Glencoe, Minnesota 55336
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