9280 Golden Valley Rd, Golden Valley, MN 55427
Waiting List Forecast: Likely Short or None
Verified for 2023 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | - |
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.
Cornerstone Creek is a 45-unit affordable housing facility for adults with developmental disabilities. The facility is designed to provide a secure lifestyle to those who are likely to outlive their caregivers, combining the feeling and social community of apartment living with an availability of care.
The design features 1 and 2 bedroom units as well as guest suites. Common areas including a kosher kitchen and dining area, a fitness center, courtyard and gardens, and ample community spaces. Programming and administrative space is onsite to house J-HAP staff and partner agencies.
Because Cornerstone Creek 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. Because of the LIHTC program, additional units are set aside for households earning 50% or less of the AMI with corresponding lower rent caps.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | - | Call for Price† |
| 2 Bedroom (2/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $31,150 / year | $35,600 / year | $40,050 / year | $44,450 / year |
| 50% AMI for PBRA Units | $31,150 / year | $35,600 / year | $40,050 / year | $44,450 / year |
| 60% AMI for LIHTC Units | $37,380 / year | $42,720 / year | $48,060 / year | $53,340 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Cornerstone Creek have a waiting list?
Cornerstone Creek 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 Cornerstone Creek ?
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 Cornerstone Creek ?
Cornerstone Creek is managed by Trellis Management Company headquartered in Minneapolis, Minnesota.
In addition to Cornerstone Creek , how many other affordable housing properties (and units) are there in Roseau County?
In addition to Cornerstone Creek , we list 10 other affordable properties in Roseau County. Learn about these properties here. Our data research shows that there are a total of 348 affordable units in Roseau County.
When was the Cornerstone Creek listing last updated?
Cornerstone Creek listing on Affordable Housing Online was last updated on 01/01/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
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