133 3rd Ave SW, Hutchinson, MN 55350
Waiting List Forecast: Likely Long or Closed
Verified for 2021 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
Since this property may have a RAD Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. 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.
Park Towers is an independent living community that offers residents a lifestyle free of property maintenance and a host of modern conveniences. Selecting Park Towers as your new home will provide you with all the benefits of home ownership without any of the headaches in a friendly community with unique amenities and services.
Located in central Hutchinson, Park Towers is just a block from our vibrant downtown and adjacent to one of the most majestic, beautiful parks in the area.
Since Park Towers participates in the RAD Section 8 Project-Based Section 8 Program, your rent would be subsidized. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based RAD Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. Since this property participates in the RAD Section 8 Project Based Rental Assistance program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $19,750 / year | $22,600 / year | $25,400 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $32,900 / year | $37,600 / year | $42,300 / year | $47,000 / year | $50,800 / year | $54,550 / year | $58,300 / year | $62,050 / year |
| 50% AMI for PBRA Units | $32,900 / year | $37,600 / year | $42,300 / year | $47,000 / year | $50,800 / year | $54,550 / year | $58,300 / year | $62,050 / year |
| 80% AMI for PBRA Units | $52,650 / year | $60,200 / year | $67,700 / year | $75,200 / year | $81,250 / year | $87,250 / year | $93,250 / year | $99,300 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Park Towers have a waiting list?
Park Towers probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Park Towers ?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
In addition to Park Towers , how many other affordable housing properties (and units) are there in Hutchinson?
In addition to Park Towers , we list 6 other affordable properties in Hutchinson. Learn about these properties here. Our data research shows that there are a total of 328 affordable units in Hutchinson.
Do you have little or no income?
Be aware that some housing assistance programs have a minimum income requirement, such as Low-Income Housing Tax Credit aparments.Linda Kenney says:
"Affordable Housing Online has great information that I pass along to other people in need."