510 Sibley St, Saint Paul, MN 55101
Waiting List Forecast: Likely Short or None
Verified for 2024 by Sherman Marketing| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $829 - 1,192 per Month† | 1 - 2 Beds | 1 Bath | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Independent Living for Adults 55 & Older in St. Paul
Find your home in Lowertown St. Paul at Lyon's Court Apartments, a 55+ independent senior living community! We welcome adults ages 55 and older who are looking for affordable living. We offer 1-bedroom and 2-bedroom income-restricted apartment homes at 50% and 60% AMI in a quiet and close-knit community with a dedicated management team on-site.
Apartments have everything you need to live comfortably, including LVT wood flooring and plush carpeting, electric ovens and microwaves in kitchens, pantries in select units, laminate countertops, multiple closets, in-unit air conditioning, shared laundry on each floor, and more. Heat, water, trash, and sewer are all included.
Get to know your fellow neighbors enjoying a puzzle or bingo game in the community room, get active in the fitness center, or host a picnic lunch on the side patio.
Just down the street, Wacouta Commons is a lovely place to go for a stroll or read a book in a park. Lowertown offers numerous opportunities to stay active and explore, from local cafes, restaurants, and bars to museums, theaters, parks, libraries, and more. If you need to get around, there are several nearby bus lines, the Green Line light rail, and close proximity to major highways.
See what affordable living looks like at Lyon’s Court and schedule your tour today.
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 Lyons Court 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. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections. 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.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 526ft2 | $829 $950† |
| 2 Bedroom (2/1) | 744-ft2 | $1,071 $1,192† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $43,500 / year | $49,700 / year | $55,900 / year | $62,100 / year |
| 50% AMI for PBRA Units | $43,500 / year | $49,700 / year | $55,900 / year | $62,100 / year |
| 60% AMI for LIHTC Units | $52,200 / year | $59,640 / year | $67,080 / year | $74,520 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Lyons Court Apartments have a waiting list?
Lyons Court 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 Lyons Court 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 Lyons Court Apartments?
Lyons Court Apartments is managed by Sherman Associates headquartered in Minneapolis, MN.
In addition to Lyons Court Apartments, how many other affordable housing properties (and units) are there in Saint Paul?
In addition to Lyons Court Apartments, we list 348 other affordable properties in Saint Paul. Learn about these properties here. Our data research shows that there are a total of 19684 affordable units in Saint Paul.
When was the Lyons Court Apartments listing last updated?
Lyons Court Apartments listing on Affordable Housing Online was last updated on 08/05/2024 by Sherman Marketing. Remember, a property's status can change so you should contact the property to confirm.
280 Dayton Ave, Saint Paul, Minnesota 55102
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