901 Summerfield Dr, Northfield, MN 55057
Waiting List Forecast: Likely Short or None
Verified for 2021 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 3 Beds | 1 Bath | - |
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.
Summerfield Apartments
Summerfield Apartments are located in the beautiful, historic city of Northfield, Minnesota. The community offers an affordable and wide range of apartment layouts, with studios, 1 bedroom, 2 bedroom and 3 bedroom units. Downtown Northfield is just minutes away, with St. Olaf College, Lashbrook Park, John North Park, and Greenvale Park Elementary school within close walking distance. The city of Northfield is also the home of Carleton College. Summerfield Apartments is a quiet apartment community, offering spacious units with detached garages available, air conditioners, onsite caretaker and manager, large balconies or walk-out patios, updated flooring and kitchens, large entertaining areas, and more. The community consists of nine buildings, which provides for a very peaceful interior atmosphere. Laundry facilities are conveniently located on site and there is also a large new playground. Summerfield Apartments has beautiful grounds that are well kept and colorful. Stop by today to see why this peaceful community is right for you!
Office Hours are Monday through Friday 8:30AM-5:00PM. Evenings and Saturdays by appointment.
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 Summerfields 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. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections. As a LIHTC property that chose the 20/50 election, this property has agreed to set aside at least 20% of its units for families and individuals earning 50% of Area Median Income (AMI). Many of these properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with very low incomes.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | - | Call for Price† |
| One Bedroom (1/1) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| Three Bedroom (3/1) | - | Call for Price† |
| 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.
Does Summerfields Apartments have a waiting list?
Summerfields 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 Summerfields 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 Summerfields Apartments?
Summerfields Apartments is managed by MBG Property Management headquartered in Minneapolis, MN.
In addition to Summerfields Apartments, how many other affordable housing properties (and units) are there in Northfield?
In addition to Summerfields Apartments, we list 9 other affordable properties in Northfield. Learn about these properties here. Our data research shows that there are a total of 344 affordable units in Northfield.
Do you have little or no income?
Be aware that some housing assistance programs have a minimum income requirement, such as Low-Income Housing Tax Credit aparments.Theodore Taylor Jr. says:
"Affordable Housing Online is the on website that really helps you get affordable housing."