School View Square Apartments offers affordable living for families of all types in our spacious one, two and three bedroom apartments, as well as our three bedroom townhomes. Our complex offers secured entry, a playground, community room and is located across from Big Lake Schools. The apartments have laundry facilities on each floor and heat is included in the monthly rent. The townhomes have a full size washer and dryer in each unit and central heat and air that is controlled and paid by the resident.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 BR (1/1) | 624 | Income Based |
2 BR (2/1) | 737 | Income Based |
3 BR TH (3/1) | 1026 | Income Based |
3 BR (3/1) | 926 | Income Based |
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 Big Lake but actual income limits may differ for units at School View Square.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $31,650 | $36,150 | $40,650 | $45,150 | $48,800 | $52,400 |
Low Income (60%) | $37,980 | $43,380 | $48,780 | $54,180 | $58,560 | $62,880 |
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.