Park Villas

500 3rd St S #105, Waite Park, Minnesota 56387

Crossroads Center, Angushire Golf Course and the Parkwood 18 Theater provide entertainment, recreation and shopping almost within walking distance of this quiet neighborhood just inside the Waite Park city limits.

This 24-family town home community consists of generously proportioned one and two story townhomes, containing a full compliment of appliances. Each plex building is fully self contained and provides a common laundry and central heating facility.

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Units

Unit (Bd/Ba) Ft2 Rent
2 Bedroom (2/1) - Income Based
3 Bedroom (3/1) - Income Based

Park Villas Details

  • 96 2 and 3 bedroom units.
  • $35.00 application fee
  • Water and Sewer utilities included in rent
  • Electricity utility included in rent
  • Heat utility included in rent
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Library
  • Garage
  • Walking Trails

Unit Amenities

  • Air Conditioning
  • Dishwasher

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.

Waite Park Low-Income Housing Tax Credit Income Limits

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 Waite Park but actual income limits may differ for units at Park Villas.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $30,950 $35,350 $39,750 $44,150 $47,700 $51,250 $54,750 $58,300
Low Income (60%) $37,140 $42,420 $47,700 $52,980 $57,240 $61,500 $65,700 $69,960

Park Villas is managed by Essence Property Management, Inc.

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Image of Park Villas
Image of Park Villas