Cornerstone Creek

9280 Golden Valley Rd, Golden Valley, Minnesota 55427

Cornerstone Creek is a 45-unit affordable housing facility for adults with developmental disabilities. The facility is designed to provide a secure lifestyle to those who are likely to outlive their caregivers, combining the feeling and social community of apartment living with an availability of care.

The design features 1 and 2 bedroom units as well as guest suites. Common areas including a kosher kitchen and dining area, a fitness center, courtyard and gardens, and ample community spaces. Programming and administrative space is onsite to house J-HAP staff and partner agencies.

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

Eligibility for Cornerstone Creek

Cornerstone Creek Details

45 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program

Property Amenities

Gazebo
Landscaping
Walking Trails
Community Garden
Courtyard

Unit Amenities

Dining Area

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.