Lincoln Place Aka Diamond Estates

850 Stillwater Rd, Mahtomedi, Minnesota 55115

Lincoln Place is located in Mahtomedi, and has 2 and 3 bedroom apartments. Close to both the Twin Cities and Stillwater, the property has recently been renovated. The on-site rental office has an attached community room with full kitchen amenties and is available to residents for birthday parties, baby showers and any event that calls for a large space. There is off-street parking, laundry facilities and heating costs are included with the rent. There is an on-site playground and a controlled entry access system. Community programs offered on-site for children of all ages and activities.

Unit (Bd/Ba)	Ft²	Rent
Two Bedroom One Bath (2/1)	827	Call for Price
Three Bedroom One Bath (3/1)	992	Call for Price

Eligibility for Lincoln Place Aka Diamond Estates

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 Mahtomedi but actual income limits may differ for units at Lincoln Place Aka Diamond Estates.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
30%	$26,100	$29,800	$33,550	$37,250	$40,250	$43,250
50%	$43,500	$49,700	$55,900	$62,100	$67,100	$72,050
80%	$66,300	$75,750	$85,200	$94,650	$102,250	$109,800

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 Mahtomedi but actual income limits may differ for units at Lincoln Place Aka Diamond Estates.

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

Lincoln Place Aka Diamond Estates Details

48 two and three bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

Property Amenities

Controlled Access
Playground
Community Room
Off-Street Parking
Laundry Facilities
New and Renovated Apartment Homes
Community Kitchen

Unit Amenities

Spacious floor plans

Office Hours

Day	Hours
Monday	10:30am-6:00pm
Tuesday	9:00am-6:00pm
Wednesday	9:00am-6:00pm
Thursday	9:00am-6:00pm

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.