Stonehouse Apartments

115 W Minnesota St , Cannon Falls, Minnesota 55009

Contact Stonehouse Apartments

Stonehouse Apartments provides unique housing with many amenities and services available to our residents. The building is beautiful with its large historic windows. There are healthy meals available daily in the community room for a small charge, along with activities and events. The guest room is available for guests that come to visit. This community offers 1 and 2 bedroom apartments. An application fee of $25 per adult plus a security deposit equal to one month of rent is due with your application.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	533	From $650 To $750
2 Bedroom (2/1.5)	780	From $780 To $820

Eligibility for Stonehouse Apartments

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 Cannon Falls but actual income limits may differ for units at Stonehouse Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$35,900	$41,000	$46,150	$51,250
Low Income (60%)	$43,080	$49,200	$55,380	$61,500

Stonehouse Apartments Details

18 one and two bedroom units.
$25.00 application fee
Water and Sewer utilities included in rent
Heat utility included in rent
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Elevator
Community Room
Library
24hr Emergency Maintenance
Off-Street Parking
Peaceful Community
Landscaping
Barber Shop and Beauty Salon
Meal Services
Smoke Free
Open Parking
Laundry Facility
Heat Included
On-Site Laundry

Unit Amenities

Handicapped Accessible
Dishwasher
Vaulted Ceiling
Refrigerator
Water Trash and Sewer Included
Stove

Nearby Amenities

Close to Shopping
Near Restaurants

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.