Yorktown Continental
7151 York Ave S, Edina, Minnesota 55435
Contact Yorktown Continental
Yorktown Continental is managed by Premier Housing Management.
Located in the heart of Edina Minnesota, Yorktown is a 262 unit 12 Story Tower - our flagship, in the heart of the main shopping district in Edina. After a 33MM reposition and rehab in 2014-15 Yorktown is a well-managed and well cared for asset to the community. Features include on site community room , social services in partnership with the VOA, on site laundry and parking, library, AV room, dining room and much more.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 525 | Call for Price |
| 2 Bedroom (2/1) | 650 | Call for Price |
Eligibility for Yorktown Continental
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Edina but actual income limits may differ for units at Yorktown Continental .
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
|---|---|---|---|---|
| 30% | $26,100 | $29,800 | $33,550 | $37,250 |
| 50% | $43,500 | $49,700 | $55,900 | $62,100 |
| 80% | $66,300 | $75,750 | $85,200 | $94,650 |
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 Edina but actual income limits may differ for units at Yorktown Continental .
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
|---|---|---|---|---|
| Very Low Income (50%) | $43,500 | $49,700 | $55,900 | $62,100 |
| Low Income (60%) | $52,200 | $59,640 | $67,080 | $74,520 |
Yorktown Continental Details
- 264 one and two bedroom units.
- Section 8 Project-Based Rental Assistance (PBRA)
- Low-Income Housing Tax Credit (LIHTC)
- Section 221 (d) (3)
- Section 236
Property Amenities
- Community Room
- Laundry Facilities
- Smoke Free
- High Speed Internet Access
- Heat Included
Unit Amenities
- Refrigerator
- Water Trash and Sewer Included
- Gas Included
Section 8 Project-Based Rental Assistance (PBRA)
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
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.
Section 236
Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.
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