4489 Marsh Drive Northeast, Prior Lake, MN 55372
Waiting List Forecast: Closed
Verified for 2019 by Lorena Bentley, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 Bath | - |
3, 4 and 5-Bedroom Waiting List
The Scott County Community Development Agency (SCDA) 3, 4 and 5-Bedroom Project-Based Voucher waiting list is currently closed. Applications were last accepted from March 5, 2020, until March 11, 2020. There is no notice of when this waiting list will reopen.
To apply during the opening period, applicants were required to complete the online application.
The maximum income limits for each household size were as follows:
Preferences have not yet been confirmed.
Selected applicants were placed on the waiting list by random lottery, weighed by order of preferences.
For more information, visit the SCDA Waiting Lists page, or the SCDA website.
Sources: This information was verified by the SCDA website, as of February 25, 2020.
Go to the public housing authority page for this waiting list >>
Need Affordable Housing? Pike Lake Marsh in Prior Lake, MN
Pike Lake Marsh participates in an affordable housing program and incomes are restricted based on the number of occupants per household.
For leasing information, fill out Contact Us form on this website to be contacted, or give us a call.
Rent is high throughout the Twin Cities. Pike Lake Marsh is an exception to this rule. This is because of an affordable housing program that Pike Lake Marsh participates in. With this program, household incomes are limited, there are also rules regarding student status. 2021 Household Incomes for Pike Lake Marsh: 1 Occupant: $44,100; 2 Occupants: $50,400; 3 Occupants: $56,700; 4 Occupants: $62,940; 5 Occupants: $67,980; 6 Occupants: $73,020.
Contact for more information about housing voucher acceptance.
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 Pike Lake Marsh 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many 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 lower incomes. 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) | - | Call for Price† |
| 2 Bedroom (2/1) | - | Call for Price† |
| 3 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 Pike Lake Marsh Apartments have a waiting list?
Pike Lake Marsh Apartments has a waiting list. See above for waiting list details.
Are rents subsidized at Pike Lake Marsh 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 Pike Lake Marsh Apartments?
Pike Lake Marsh Apartments is managed by Steven Scott Management, Inc headquartered in Minneapolis, MN.
In addition to Pike Lake Marsh Apartments, how many other affordable housing properties (and units) are there in Prior Lake?
In addition to Pike Lake Marsh Apartments, we list 12 other affordable properties in Prior Lake. Learn about these properties here. Our data research shows that there are a total of 399 affordable units in Prior Lake.
5119 Gateway Street, SE, Prior Lake, Minnesota 55372
16535 Tranquility Ct SE, Prior Lake, Minnesota 55372
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