Park Place Townhomes

329 North 7th Avenue West, Melrose, Minnesota 56352

Located on 7th Avenue N, Melrose, MN 56352. Just 30 minutes NW of St. Cloud on I-94. Park Place Townhomes offers two and three bedroom townhomes nestled in a quiet neighborhood near a public park. Townhomes include a one-car attached garage; private entrance, washer and dryer hookups, cold water sewer and refuse. Income restrictions do

All rental rates include a $25 discounted rate, when paid by the 1st of the month. This is a section 42 property. Income guidelines apply.

Pets: Established Cats are welcome. They must be spayed/neutered and declawed. There is an additional $200.00 deposit and pet rent of $15 a month.

Rates are subject to change.

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Units

Unit (Bd/Ba) Ft2 Rent
Two Bedroom (2/1) - $650
Three Bedroom (3/1) - $725

Park Place Townhomes Details

  • 24 2 and 3 bedroom units.
  • $35.00 application fee
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Playground
  • Garage
  • Pet Friendly
  • On-site Laundry

Unit Amenities

  • Dishwasher
  • Washer/Dryer Hookup
  • Window Coverings
  • Private Entrance
  • Private Patios

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Melrose Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Melrose but actual income limits may differ for units at Park Place Townhomes.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $30,950 $35,350 $39,750 $44,150 $47,700 $51,250 $54,750 $58,300
Low Income (60%) $37,140 $42,420 $47,700 $52,980 $57,240 $61,500 $65,700 $69,960

Park Place Townhomes is managed by Essence Property Management, Inc.

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Nearby Low Income Apartment Communities

Oak Ridge Manor

20 9th Ave NE
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