Harvestview Place Apartments

5340 55th Street Northwest, Rochester, MN 55901

Waiting List Forecast: Likely Short or None

check_circleVerified 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.

Dave's Thoughts On Harvestview Place Apartments

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

Harvestview Place Apartments Amenities

Controlled Access
Fitness Center
Community Room
24hr Emergency Maintenance
Air Conditioning
Dishwasher
Washer and Dryer Included
Garage and Surface Parking
Smoke Free

Units at Harvestview Place Apartments

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^†

Income Qualification for Harvestview Place Apartments

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

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.

FAQs for Harvestview Place Apartments

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.