409 Turril Street, Le Sueur, MN 56058
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $632 - 1,050 per Month† | 1 - 3 Beds | 1 - 2 Baths | 623 - 1,040 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.
Le Sueur Meadows is located 50 miles south of the Twin Cities and 25 miles north of Mankato, this community of about 4,000 people is bustling with opportunity. There are many manufacturing positions available right in Le Sueur as well as great schools and beautiful parks along the Minnesota River. Le Sueur Meadows II offers 1, 2, and 3-bedroom apartments with onsite laundry, plenty of off-street parking, garages, and private patios/balconies.
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 Le Sueur Meadows II 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.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 623ft2 | $632 $800† |
| 2 Bedroom (2/1) | 860ft2 | $850† |
| 3 Bedroom (3/2) | 1040ft2 | $1,050† |
| 3 Bedroom- Handicapped Accessible (3/2) | 1040ft2 | $1,050† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $35,950 / year | $41,100 / year | $46,250 / year | $51,350 / year | $55,500 / year | $59,600 / year |
| 50% AMI for PBRA Units | $35,950 / year | $41,100 / year | $46,250 / year | $51,350 / year | $55,500 / year | $59,600 / year |
| 60% AMI for LIHTC Units | $43,140 / year | $49,320 / year | $55,500 / year | $61,620 / year | $66,600 / year | $71,520 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Le Sueur Meadows II have a waiting list?
Le Sueur Meadows II 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 Le Sueur Meadows II?
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 Le Sueur Meadows II?
Le Sueur Meadows II is managed by Lloyd Management headquartered in Mankato, Minnesota.
In addition to Le Sueur Meadows II, how many other affordable housing properties (and units) are there in Le Sueur?
In addition to Le Sueur Meadows II, we list 6 other affordable properties in Le Sueur. Learn about these properties here. Our data research shows that there are a total of 172 affordable units in Le Sueur.
When was the Le Sueur Meadows II listing last updated?
Le Sueur Meadows II listing on Affordable Housing Online was last updated on 01/17/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
1200 Kingsway Dr, Le Sueur, Minnesota 56058
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