Lyons Court Apartments

510 Sibley St, Saint Paul, Minnesota 55101

Lyons Court Apartments, located at 510 Sibley St in Saint Paul, has one and two bedroom apartments. Lyons Court Apartments participates in the Low-Income Housing Tax Credit (LIHTC) program.

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 526 From $954 To $1,076
2 Bedroom (2/1) 744 From $950 To $1,161

Lyons Court Apartments Details

  • 60 one and two bedroom units.
  • $45.00 application fee
  • Water and Sewer utilities included in rent
  • Heat utility included in rent
  • Accepts Section 8 Housing Choice Vouchers (HCV)
  • Senior (62+)

Property Amenities

  • Controlled Access
  • 24hr Emergency Maintenance
  • Smoke Free
  • Pet Friendly
  • On Bus-line
  • Heat Included

Unit Amenities

  • Microwave
  • Spacious Closets
  • Water Trash and Sewer Included
  • Blinds
  • Central Heat & Air
  • Self-Cleaning Ovens

About Lyons Court Apartments

Lyons Court is a 62+ Independent Senior Living Community located in the heart of St. Paul’s Lowertown. Centered around the new Wacouta Commons Park, Lyons Court is part of a thriving urban village of condominium lofts, neighborhood shops, and apartments. Take a stroll to Mears Park, the new Saint Paul Saints stadium, or grab your groceries at the new Lunds Foods. Lyons Court residents are able to enjoy nature while living within minutes of all of the exciting attractions and events that St. Paul has to offer. Lyons offers convenient access to major highways, several bus lines and is mere blocks from the new light rail Green Line.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Saint Paul Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Saint Paul but actual income limits may differ for units at Lyons Court Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $35,000 $40,000 $45,000 $50,000 $54,000 $58,000 $62,000 $66,000
Low Income (60%) $42,000 $48,000 $54,000 $60,000 $64,800 $69,600 $74,400 $79,200

Lyons Court Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Lyons Court Apartments is managed by Sherman Associates.

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