AffordableHousingOnline

Westonka Estates

2461 Commerce Blvd, Mound, Minnesota 55364

Eligibility for Westonka 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 Mound but actual income limits may differ for units at Westonka Estates.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% $43,500 $49,700 $55,900 $62,100 $67,100 $72,050 $77,050 $82,000

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 Mound but actual income limits may differ for units at Westonka Estates.

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

Westonka Estates Details

  • 42 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
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.

Nearby Low Income Apartment Communities like Westonka Estates
Image of Balsam Hill Apartments and Townhomes in Mound, Minnesota

Balsam Hill Apartments and Townhomes

2020 Commerce Blvd
Mound, Minnesota
Subsidized
Rent Assisted
HOME
PBRA
LIHTC
BMIR
Income Based
Studio-3 BR
Contact Now