5340 55th Street Northwest, Rochester, MN 55901
Waiting List Forecast: Likely Short or None
Verified for 2022 by Connor Bailey, Ben D. Layfield, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $880 per Month† | 1 - 3 Beds | 1 - 2 Baths | - |
This property is currently under construction.
Construction is expected to be completed in May 2019, with tenant move-ins beginning in June 2019.
Relish in the country setting at Harvestview Place with the convenience of in-town living, while unwinding in one of our 1, 2, and 3- bedroom apartments. Each home has a modern kitchen, in-home laundry, spacious closets and luxury vinyl plank flooring throughout the kitchen and living room. Staying fit is a cinch with their on-site fitness center or gather with your friends and family in the community room. Live more and worry less at Harvestview Place.
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 Harvestview Place 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 |
|---|---|---|
| One Bedroom (1/1) | 705ft2 | $880† |
| Two Bedroom (2/2) | - | Call for Price† |
| Three Bedroom (3/2) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $24,800 / year | $28,350 / year | $31,900 / year | $35,400 / year | $38,250 / year | $41,100 / year |
| 50% AMI for LIHTC Units | $41,300 / year | $47,200 / year | $53,100 / year | $59,000 / year | $63,750 / year | $68,450 / year |
| 50% AMI for PBRA Units | $41,300 / year | $47,200 / year | $53,100 / year | $59,000 / year | $63,750 / year | $68,450 / year |
| 60% AMI for LIHTC Units | $49,560 / year | $56,640 / year | $63,720 / year | $70,800 / year | $76,500 / year | $82,140 / year |
| 80% AMI for PBRA Units | $66,100 / year | $75,550 / year | $85,000 / year | $94,400 / year | $102,000 / year | $109,550 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Harvestview Place Apartments have a waiting list?
Harvestview Place 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 Harvestview Place 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 Harvestview Place Apartments?
Harvestview Place Apartments is managed by Velair Property Management headquartered in Minneapolis, MN.
In addition to Harvestview Place Apartments, how many other affordable housing properties (and units) are there in Rochester?
In addition to Harvestview Place Apartments, we list 81 other affordable properties in Rochester. Learn about these properties here. Our data research shows that there are a total of 2788 affordable units in Rochester.
862 Homestead Village Lane SE, Suite G, Rochester, Minnesota 55904
191 Sandbar Court Northeast, Rochester, Minnesota 55906
1990 Ashland Drive Northwest, Rochester, Minnesota 55901
3433 Kenosha Drive Northwest, Rochester, Minnesota 55901
421 6th Ave NW , Rochester, Minnesota 55901
11th Avenue Southeast, Rochester, Minnesota 55904
Check your waiting list status occasionally.
If you request it, housing agencies are required to confirm if you are still on a waiting list, and some may also state your current position.Joana Warren says:
"Affordable Housing Online is a good place to see which Section 8 waiting lists are open."