The Ridge Apartments

12720 Wayzata Blvd, Minnetonka, Minnesota 55305

Contact The Ridge Apartments

The beautiful one, two and three bedroom homes each feature an open floorplan with the living room, dining room and kitchen all flowing into one another. Nine foot ceilings and oversized windows are also standard throughout to further enhance the open feeling. Spacious bedrooms and closets, a laundry area in each home, a full kitchen appliance package with islands in 2 and 3 bedrooms, and an underground parking space complete the homes features. Many homes also have spectacular views of Downtown Minneapolis.

The apartments at The Ridge are NOT SUBSIDIZED; the rent is NOT based on income. In order to qualify for an income-eligible home, the gross income of the household cannot exceed income guidelines.

Income Requirements:
The Ridge Apartments participates in the Section 42 tax credit program. THE APARTMENTS AT THE RIDGE ARE NOT SUBSIDIZED; THE RENT IS NOT BASED ON INCOME. In order to qualify for an income-eligible home, the gross income of the household cannot exceed the following income guidelines. Income limits are based on household sizes and are as follows:

1 occupant = $44,100
2 occupants = $50,400
3 occupants = $56,700
4 occupants = $62,940
5 occupants = $67,980
6 occupants = $73,020

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	794	From $1,120
Two Bedroom (2/1.75)	1091	From $1,339
Two Bedroom (2/2)	1091	From $1,339
Three Bedroom (3/1.75)	1335	From $1,543

Eligibility for The Ridge 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 Minnetonka but actual income limits may differ for units at The Ridge Apartments.

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

The Ridge Apartments Details

51 one, two and three bedroom units.
HOME Investment Partnerships Program
Section 221 (d) (3)

Property Amenities

Controlled Access
Elevator
Fitness Center
Playground
Community Room
Underground Parking
Smoke Free

Unit Amenities

Dishwasher
Garbage Disposal
Spacious Closets
Refrigerator
Washer and Dryer Included

Office Hours

Day	Hours
Monday	10:00am-5:00pm
Wednesday	10:00am-5:00pm

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.