3101 7th Ave NW, Willmar, MN 56201
Waiting List Forecast: Likely Short or None
Verified for 2017 by Beth Patrias, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $625 - 740 per Month† | 2 - 3 Beds | 1 Bath | - |
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.
Beautiful 2 and 3 bedroom townhomes offering one and two level living. Valley Side is located next to a park and has the wonderful feeling of a country setting yet close to the city.
If you are looking for a quiet place to call home, Valley Side is for you. All homes have washer and dryer hook-ups for your convenience.
Give us a call today to make Valley Side your new home
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 Valleyside Townhomes 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Two Bedroom (2/1) | - | $625† |
| Three Bedroom (3/1) | - | $740† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $31,000 / year | $35,400 / year | $39,850 / year | $44,250 / year | $47,800 / year | $51,350 / year |
| 50% AMI for PBRA Units | $31,000 / year | $35,400 / year | $39,850 / year | $44,250 / year | $47,800 / year | $51,350 / year |
| 60% AMI for LIHTC Units | $37,200 / year | $42,480 / year | $47,820 / year | $53,100 / year | $57,360 / year | $61,620 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Valleyside Townhomes have a waiting list?
Valleyside Townhomes 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 Valleyside Townhomes?
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 Valleyside Townhomes?
Valleyside Townhomes is managed by Essence Property Management, Inc headquartered in St Cloud, Minnesota.
In addition to Valleyside Townhomes, how many other affordable housing properties (and units) are there in Willmar?
In addition to Valleyside Townhomes, we list 17 other affordable properties in Willmar. Learn about these properties here. Our data research shows that there are a total of 930 affordable units in Willmar.
1820 SE Becker Ave , Willmar, Minnesota 56201
1226 Dana Drive Se, Willmar, Minnesota 56201
917 20th Ave SE, Willmar, Minnesota 56201
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