405 2nd St NW, Pipestone, MN 56164
Waiting List Forecast: Likely Long or Closed
Verified for 2019 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | 608 - 905 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.
Storybrook Apartments is a perfect for those 55+ or disabled individuals who are looking for a cozy yet active environment. The residents connect through activities that take place in the community room and garden areas. Rent is based on 30% of your annual income. Applicants must make $35,750 or less per year to qualify. This community offers q and 2 bedroom apartments. A security deposit equal to one month of rent will be due at time of lease signing.
Since Storybrook Apartments 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 |
|---|---|---|
| 1 Bedroom (1/1) | 608ft2 | Rent is Based On Your Income† |
| 2 Bedroom (2/1) | 905ft2 | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $18,550 / year | $21,200 / year | $24,860 / year | $30,000 / year |
| 50% AMI for LIHTC Units | $30,900 / year | $35,300 / year | $39,700 / year | $44,100 / year |
| 50% AMI for PBRA Units | $30,900 / year | $35,300 / year | $39,700 / year | $44,100 / year |
| 80% AMI for PBRA Units | $49,400 / year | $56,450 / year | $63,500 / year | $70,550 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Storybrook Apartments have a waiting list?
Storybrook Apartments 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 Storybrook Apartments?
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 Storybrook Apartments?
Storybrook Apartments is managed by Lloyd Management headquartered in Mankato, Minnesota.
In addition to Storybrook Apartments, how many other affordable housing properties (and units) are there in Pipestone?
In addition to Storybrook Apartments, we list 3 other affordable properties in Pipestone. Learn about these properties here. Our data research shows that there are a total of 175 affordable units in Pipestone.
610 5th St NW, Pipestone, Minnesota 56164
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