Vista Ridge

861 Vista Boulevard, Waconia, MN 55387

Waiting List Forecast: Likely Short or None

check_circleVerified for 2020 by Lorena Bentley, Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	1 - 3 Beds	1 - 2 Baths	674 - 1,184 Sq Ft

This property is currently under construction.

Construction is expected to be completed in August, 2020.

Construction is underway on Vista Ridge in Waconia, MN! Located at 861 Vista Boulevard, the 51-unit project will feature 12 one bedroom, 24 two bedroom and 15 three bedroom units. Construction is expected to be completed in August, 2020.

Prospective tenants can reach out to Velair Property Management at 612-844-1138 for more information on when lease up will begin!

Dave's Thoughts On Vista Ridge

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 Vista Ridge 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.

~ Dave Layfield, Founder of Affordable Housing Online

Vista Ridge Amenities

Air Conditioning
Dishwasher
Garbage Disposal
Oven and Range

Units at Vista Ridge

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	674ft²	Call for Price^†
2 Bedroom (2/2)	916ft²	Call for Price^†
3 Bedroom (3/2)	1184ft²	Call for Price^†

Income Qualification for Vista Ridge

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people
50% AMI for LIHTC Units	$43,500 / year	$49,700 / year	$55,900 / year	$62,100 / year	$67,100 / year	$72,050 / year
50% AMI for PBRA Units	$43,500 / year	$49,700 / year	$55,900 / year	$62,100 / year	$67,100 / year	$72,050 / year
60% AMI for LIHTC Units	$52,200 / year	$59,640 / year	$67,080 / year	$74,520 / year	$80,520 / year	$86,460 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Vista Ridge

Does Vista Ridge have a waiting list?

Vista Ridge 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 Vista Ridge?

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 Vista Ridge?

Vista Ridge is managed by Velair Property Management headquartered in Minneapolis, MN.

In addition to Vista Ridge, how many other affordable housing properties (and units) are there in Waconia?

In addition to Vista Ridge, we list 12 other affordable properties in Waconia. Learn about these properties here. Our data research shows that there are a total of 427 affordable units in Waconia.

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