116 Silverwood Avenue, Marble, MN 55764
Waiting List Forecast: Likely Long or Closed
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $638 - 761 per Month† | 1 - 2 Beds | 1 Bath | - |
Since this property may have a 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.
Silverwood Apartments are an affordable community offering one and two bedroom units. For more information, please contact their management office.
Since Silverwood Apartments participates in the Section 8 Project-Based Rental Assistance 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 Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. Since this property participates in the 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | $638† |
| Two Bedroom (2/1) | - | $761† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $18,550 / year | $21,200 / year | $24,860 / year | $30,000 / year |
| 50% AMI for LIHTC Units | $30,900 / year | $35,300 / year | $39,700 / year | $44,100 / year |
| 50% AMI for PBRA Units | $30,900 / year | $35,300 / year | $39,700 / year | $44,100 / year |
| 80% AMI for PBRA Units | $49,400 / year | $56,450 / year | $63,500 / year | $70,550 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Silverwood Apartments have a waiting list?
Silverwood Apartments 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 Silverwood Apartments?
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.
What property management company manges Silverwood Apartments?
Silverwood Apartments is managed by CEPCO Management & Development Company headquartered in Hopkins, Minnesota.
In addition to Silverwood Apartments, how many other affordable housing properties (and units) are there in Lincoln County?
In addition to Silverwood Apartments, we list 8 other affordable properties in Lincoln County. Learn about these properties here. Our data research shows that there are a total of 166 affordable units in Lincoln County.
When was the Silverwood Apartments listing last updated?
Silverwood Apartments listing on Affordable Housing Online was last updated on 07/20/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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