The Crossings at Valley View is managed by Sherman Associates.
The Crossings at Valley View is a brand new property located in an established community in Bloomington, MN. It consists of two- and three-bedroom apartments. The Crossings at Valley View is conveniently located next to the city library, across from the junior high school, within walking distance to a water park and just minutes from the Mall of America.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
2 Bedroom (2/1) | - | Call for Price |
3 Bedroom (3/2) | - | Call for Price |
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 Bloomington but actual income limits may differ for units at The Crossings at Valley View.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $43,500 | $49,700 | $55,900 | $62,100 | $67,100 | $72,050 |
Low Income (60%) | $52,200 | $59,640 | $67,080 | $74,520 | $80,520 | $86,460 |
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.