310 6th Ave NW, New Prague, MN 56071
Waiting List Forecast: Likely Short or None
Verified for 2019 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $720 - 825 per Month† | 1 - 2 Beds | 1 Bath | 530 - 725 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.
Parkside Apartments offer 1 and 2 bedroom apartments and also offer on-site caretakers.
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 Parkside Apartments 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) | 530ft2 | $720† |
| 2 Bedroom (2/1) | 725ft2 | $825† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $35,950 / year | $41,100 / year | $46,250 / year | $51,350 / year |
| 50% AMI for PBRA Units | $35,950 / year | $41,100 / year | $46,250 / year | $51,350 / year |
| 60% AMI for LIHTC Units | $43,140 / year | $49,320 / year | $55,500 / year | $61,620 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Parkside Apartments have a waiting list?
Parkside Apartments 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 Parkside Apartments?
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 Parkside Apartments?
Parkside Apartments is managed by SMR Management headquartered in Mankato, Minnesota.
In addition to Parkside Apartments, how many other affordable housing properties (and units) are there in New Prague?
In addition to Parkside Apartments, we list 2 other affordable properties in New Prague. Learn about these properties here. Our data research shows that there are a total of 101 affordable units in New Prague.
Make sure you have the accommodations you need.
If you have special needs because of a disability, HUD housing authorities must provide reasonable accommodations for you to apply.Michelle Eans says:
"I love Affordable Housing Online because it provides information you normally would not know about."