435 16th St NE, Owatonna, MN 55060
Waiting List Forecast: Likely Long or Closed
Verified for 2019 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $691 - 1,000 per Month† | 1 - 3 Beds | 1 Bath | 625 - 1,125 Sq Ft |
Since this property may have a Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. 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.
Five stylish apartment buildings surround a fun-filled central picnic and playground area at affordable Lincoln Square. Offering spacious dog and cat friendly 1, 2, and 3 bedroom homes, updated interiors and convenient appliances, you and your furry friends will feel right at home here! Within blocks from Owatonna Junior High & McKinley Elementary schools, Lincoln Square makes for a great home for you and your family. Inquire today on how you can make Lincoln Square your next home! Lincoln Square Main Page
Since Lincoln Square participates in the Section 8 Project-Based Rental Assistance program, your rent would be subsidized. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. Since this property participates in the Section 8 Project Based Rental Assistance program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 625ft2 | $691† |
| Two Bedroom (2/1) | 825ft2 | $821† |
| Three Bedroom (3/1) | 1125ft2 | $1,000† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $20,200 / year | $23,050 / year | $25,950 / year | $30,000 / year | $35,140 / year | $40,280 / year |
| 50% AMI for LIHTC Units | $33,600 / year | $38,400 / year | $43,200 / year | $48,000 / year | $51,850 / year | $55,700 / year |
| 50% AMI for PBRA Units | $33,600 / year | $38,400 / year | $43,200 / year | $48,000 / year | $51,850 / year | $55,700 / year |
| 80% AMI for PBRA Units | $53,800 / year | $61,450 / year | $69,150 / year | $76,800 / year | $82,950 / year | $89,100 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Lincoln Square have a waiting list?
Lincoln Square probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Lincoln Square?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Lincoln Square?
Lincoln Square is managed by Thies & Talle Management headquartered in Chanhassen, Minnesota.
In addition to Lincoln Square, how many other affordable housing properties (and units) are there in Owatonna?
In addition to Lincoln Square, we list 17 other affordable properties in Owatonna. Learn about these properties here. Our data research shows that there are a total of 705 affordable units in Owatonna.
More people usually means more waiting lists.
Areas with the highest populations tend to have the most amount of waiting list opportunities.Gina Pocan says:
"Thank you, Affordable Housing Online, for being there for some of the most vulnerable people."