Welcome to Shakopee Village Apartments. For elderly families 62 years of age or older, or with disabilities who may or may not be elderly. This community offers 1 bedroom apartments. This community is located near beautiful parks and is close to the Minnesota River Valley in Shakopee, MN. Spaces feature beautiful cabinets, microwaves, closet space and non-smoking units are available.
|1 Bedroom (1/1)||522||Income Based|
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.
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.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Shakopee but actual income limits may differ for units at Shakopee Village Senior Apartments.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
Shakopee Village Senior Apartments is managed by Pinnacle Family of Companies.