2700 Charles Ct NW, Rochester, MN 55901
Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units
Verified for 2019 by Lorena Bentley, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
This project has been funded and will begin construction soon.
The Hylands offer 100 apartment units in 16 townhouse and flat buildings. There are six one-bedroom, 62 two-bedroom and 32 three-bedroom units. Five units will be designated for tenants with disabilities and five others will be designated as Long-Term Homeless units. Of the project’s 100 units, 100 percent are tax-credit units; 95 will be set aside for tenants at 60 percent of Area Median Income (“AMI”) and five will be designated for tenants at 30 percent of AMI.
Improvements to all units will include new energy-efficient appliances, cabinets, countertops, vanities, flooring and HVAC. In addition to new signage, project-wide improvements will include replacing siding, windows, doors and mailboxes; repaving parking lots and sidewalks; and the addition of a basketball court and playground.
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. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. 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. LIHTC properties tend to have shorter waiting lists however, since The Hylands has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a longer waiting list.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $24,800 / year | $28,350 / year | $31,900 / year | $35,400 / year | $38,250 / year | $41,100 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $41,300 / year | $47,200 / year | $53,100 / year | $59,000 / year | $63,750 / year | $68,450 / year | $73,200 / year | $77,900 / year |
| 50% AMI for PBRA Units | $41,300 / year | $47,200 / year | $53,100 / year | $59,000 / year | $63,750 / year | $68,450 / year | $73,200 / year | $77,900 / year |
| 60% AMI for LIHTC Units | $49,560 / year | $56,640 / year | $63,720 / year | $70,800 / year | $76,500 / year | $82,140 / year | $87,840 / year | $93,480 / year |
| 80% AMI for PBRA Units | $66,100 / year | $75,550 / year | $85,000 / year | $94,400 / year | $102,000 / year | $109,550 / year | $117,100 / year | $124,650 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Hylands have a waiting list?
The Hylands 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 The Hylands?
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 The Hylands?
The Hylands is managed by Timberland Partners headquartered in Minneapolis, Minnesota.
In addition to The Hylands, how many other affordable housing properties (and units) are there in Rochester?
In addition to The Hylands, 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.
5340 55th Street Northwest, Rochester, Minnesota 55901
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
If you're a homeless veteran, contact your VA Medical Center.
You may have an opportunity to apply for a VASH voucher, which is a Section 8 voucher for homeless veterans.Sandra Lewis-Kidd says:
"I received daily updates from Affordable Housing Online on waiting list openings not only in my city, but also other states and cities accepting applications. I was able to apply, and was actually chosen for the Section 8 housing lottery!"