Creeks Run Townhomes II

421 Yellow Brick Cir, Chaska, Minnesota 55318

Contact Creeks Run Townhomes II

Creeks Run Townhomes II is an affordable community under construction containing 36 townhome rentals, located in Chaska, MN. It features two, three and four bedroom units. The property participates in the Low Income Housing Tax Credit (LIHTC) program that focuses on providing affordable rents to low and very low income families. Additional funding was received to support the Group Residential Housing (GRH) program that pays for room-and-board costs for low income adults.

Unit (Bd/Ba)	Ft²	Rent
2 Bedroom (2/1)	-	Call for Price
3 Bedroom (3/1)	-	Call for Price
4 Bedroom (4/1)	-	Call for Price

Eligibility for Creeks Run Townhomes II

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 Chaska but actual income limits may differ for units at Creeks Run Townhomes II.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$43,500	$49,700	$55,900	$62,100	$67,100	$72,050	$77,050	$82,000
Low Income (60%)	$52,200	$59,640	$67,080	$74,520	$80,520	$86,460	$92,460	$98,400

Creeks Run Townhomes II Details

36 two, three and four bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

Property Amenities

Fitness Center
Playground
Clubhouse
On-Site Manager
Wheel Chair Accessible

Unit Amenities

Washer and Dryer Included

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.