635 Phalen Blvd, Saint Paul, MN 55130
Waiting List Forecast: Likely Short or None
Verified for 2024 by Sherman Marketing| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $944 - 1,233 per Month† | 1 - 2 Beds | 1 Bath | 598 - 876 Sq Ft |
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.
Phalen Senior Lofts is a 55+ Independent Living 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.
Because Phalen Senior Lofts participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, 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) | 598ft2 | $944 $1,035† |
| 2 Bedroom (2/1) | 876ft2 | $1,044 $1,233† |
| 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 Phalen Senior Lofts have a waiting list?
Phalen Senior Lofts 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 Phalen Senior Lofts?
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 Phalen Senior Lofts?
Phalen Senior Lofts is managed by Sherman Associates headquartered in Minneapolis, MN.
In addition to Phalen Senior Lofts, how many other affordable housing properties (and units) are there in Saint Paul?
In addition to Phalen Senior Lofts, 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 Phalen Senior Lofts listing last updated?
Phalen Senior Lofts listing on Affordable Housing Online was last updated on 05/01/2024 by Sherman Marketing. Remember, a property's status can change so you should contact the property to confirm.
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