Olson Towne Homes is located in a beautiful and quiet Minneapolis neighborhood. The one, two and three bedroom townhomes all have full basements with laundry hook-ups available. There is full time on-site management and maintenance as well as a central laundry and a community room for resident use. Off street parking is provided, as well as a play area for children. Applications are accepted in the site office.
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.
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Olson Townhomes receives rental subsidies through HUD's Project Based Section 8 program for some or all of its apartments. Some units may be designated as market rate housing.
You can make up to 80% of the Area Median Income (AMI) and be eligible for a Project Based Section 8 Program unit. Market rate units would have no subsidies or income restrictions.
Figuring out income and rent limits for affordable housing can be complex when more than one Federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.