Villas of Mounds View

4889 Old Hwy 8, Mounds View, MN 55112

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Angie Luscomb, Connor Bailey

Rent	Beds	Baths	SqFt
$649 - 1,540 per Month^†	1 - 3 Beds	1 - 2 Baths	653 - 1,204 Sq Ft

Call (763) 290-0644 Email

Waitlist Forecast

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.

Villas of Mounds View is a new affordable apartment community for residents 55+. Opening in September 2023, Villas of Mounds View offers one, two, and three bedroom units. For more information, please contact their management office.

At this time, tours are not available since the building is still under construction. Tours will begin in September with appointments.

Thank you for your interest in BRAND NEW Villas of Mounds View—Opening September of 2023! Our Smoke Free Community includes washer and dryer in unit, fitness center, garage, Community Room available to reserve for private events, and much more!

View our availability and apply here: https://villas-of-mounds-view.rentcafewebsite.com

Or you can call the property to set up an in person application appointment.

We are located at 4889 Old Highway 8, Mounds View, MN 55112. As a senior community, the applicant head of household must be at least 55 years old+ and other members of the household must be at least 50 years old+. Our senior community participates in the Section 42 Tax Credit Program and has the following income restrictions based on number of people residing in the unit:

1 Person: $49,320

2 People: $56,340

3 People: $63,360

4 People: $70,380

5 People: $76,020

6 People: $81,660

Households containing all full-time students for five or more months during the current calendar year must meet one of these qualifications:

At least one student receiving assistance under the Title IV of the Social Security Act
At least one student previously under the care and placement responsibility of the state agency responsible for administering foster care
At least one student participating in a program receiving assistance under the Job Training Partnership Act, Workforce Investment Act, or under similar federal, state, or local laws
At least one student a single parent with children and the parent is not a dependent of another individual and the children are not dependents of someone other than a parent.
Students are married and entitled to file a joint tax return

PLEASE NOTE: Availability is first come, first serve. Units are only put on hold with an application, application fee of $25 per adult, and $500 deposit.

Dave's Thoughts On Villas of Mounds View

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 Villas of Mounds View 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

Villas of Mounds View Amenities

Controlled Access
Elevator
Fitness Center
Community Room
Underground Parking
Water Trash and Sewer Included
Grilling Area
On-Site Recycling
Central Heat & Air
Washer and Dryer Included
Smoke Free
Picnic Area
Package Lockers

Units at Villas of Mounds View

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	653ft²	$649 $1,105^†
Two Bedroom (2/1)	895ft²	$1,263 $1,527^†
Three Bedroom (3/2)	1204ft²	$1,455 $1,540^†

Income Qualification for Villas of Mounds View

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people
50% AMI for LIHTC Units	$43,500 / year	$49,700 / year	$55,900 / year	$62,100 / year	$67,100 / year	$72,050 / year
50% AMI for PBRA Units	$43,500 / year	$49,700 / year	$55,900 / year	$62,100 / year	$67,100 / year	$72,050 / year
60% AMI for LIHTC Units	$52,200 / year	$59,640 / year	$67,080 / year	$74,520 / year	$80,520 / year	$86,460 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Villas of Mounds View

Does Villas of Mounds View have a waiting list?

Villas of Mounds View 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 Villas of Mounds View?

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 Villas of Mounds View?

Villas of Mounds View is managed by Velair Property Management headquartered in Minneapolis, MN.

In addition to Villas of Mounds View, how many other affordable housing properties (and units) are there in Mounds View?

In addition to Villas of Mounds View, we list 5 other affordable properties in Mounds View. Learn about these properties here. Our data research shows that there are a total of 200 affordable units in Mounds View.

When was the Villas of Mounds View listing last updated?

Villas of Mounds View listing on Affordable Housing Online was last updated on 07/28/2023 by Angie Luscomb. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Villas of Mounds View