Phalen Senior Lofts
635 Phalen Blvd, Saint Paul, Minnesota 55130
Phalen Senior Lofts is a 62+ Independent Senior Community, located in the vibrant Phalen Corridor of St. Paul, just north of Downtown. The lofts feature conscientious, generous floor plans, secured entrances and a recently upgraded community room. Phalen Senior Lofts has access to major highways and several bus lines. It is in walking distance to local restaurants, parks, and neighborhood shops. With a number of parks in the neighborhood, Phalen residents are able to enjoy Minnesotan nature while benefiting from the advantages of city living. Residents can enjoy a nice picnic just across the street at the East Side Heritage Park’s pavilion. Most importantly, Phalen residents have the benefit of caring, on-site management and local ownership.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 598 | From $944 $1,035 |
| 2 Bedroom (2/1) | 876 | From $1,044 To $1,233 |
Eligibility for Phalen Senior Lofts
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 Phalen Senior Lofts.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| Very Low Income (50%) | $43,500 | $49,700 | $55,900 | $62,100 | $67,100 | $72,050 | $77,050 | $82,000 |
| Low Income (60%) | $52,200 | $59,640 | $67,080 | $74,520 | $80,520 | $86,460 | $92,460 | $98,400 |
Contact Phalen Senior Lofts
Phalen Senior Lofts is managed by Sherman Associates.
Phalen Senior Lofts Details
- 73 one and two bedroom units.
- Mid Rise
- Water and Sewer utilities included in rent
- Low-Income Housing Tax Credit (LIHTC)
Property Amenities
- Controlled Access
- Elevator
- 24hr Emergency Maintenance
- Laundry Room(s)
- Smoke Free
- On Bus-line
Unit Amenities
- Dishwasher
- Patio, Deck Or Balcony
- Water Trash and Sewer Included
- Blinds
- Central Heat & Air
- Self-Cleaning Ovens
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.
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