15850 Chippendale Ave, Rosemount, MN 55068
Waiting List Forecast: Likely Short or None
Verified for 2020 by Connor Bailey, Lorena Bentley, Joshua CappellRent | Beds | Baths | SqFt |
---|---|---|---|
Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 750 - 1,234 Sq Ft |
This property is currently under construction.
OPENING LATE SUMMER 2020
Rent is high throughout the Twin Cities. Wexford Place is an exception to this rule. This is because of an affordable housing program that Wexford Place participates in. With this program household incomes are limited, there are also rules regarding student status.
2022 Household Incomes for Wexford Place:
1 Occupant: $49,320
2 Occupants: $56,340
3 Occupants: $63,360
4 Occupants: $70,380
5 Occupants: $76,020
6 Occupants: $81,660
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 Wexford 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. 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) | 750ft2 | Call for Price† |
2 Bedroom (2/2) | 966ft2 | Call for Price† |
3 Bedroom (3/2) | 1234ft2 | 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 Wexford Place Apartments have a waiting list?
Wexford 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 Wexford 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 Wexford Place Apartments ?
Wexford Place Apartments is managed by Steven Scott Management, Inc headquartered in Minneapolis, MN.
In addition to Wexford Place Apartments , how many other affordable housing properties (and units) are there in Rosemount?
In addition to Wexford Place Apartments , we list 9 other affordable properties in Rosemount. Learn about these properties here. Our data research shows that there are a total of 352 affordable units in Rosemount.
Akron Avenue and 141st Street , Rosemount, Minnesota 55068
Housing options for renters with a criminal record.
A criminal history does not automatically disqualify a renter from federal housing assistance. But more serious offenses may make you inelligible if they were recent.Mili Rodriguez says:
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