Villas of Mounds View

4889 Old Hwy 8, Mounds View, Minnesota 55112

Contact Villas of Mounds View

Villas of Mounds View is a new affordable apartment community for residents 55+. Opening in September 2023, Villas of Mounds View offers one, two, and three bedroom units. For more information, please contact their management office.

At this time, tours are not available since the building is still under construction. Tours will begin in September with appointments.

Thank you for your interest in BRAND NEW Villas of Mounds View—Opening September of 2023! Our Smoke Free Community includes washer and dryer in unit, fitness center, garage, Community Room available to reserve for private events, and much more!

View our availability and apply here: https://villas-of-mounds-view.rentcafewebsite.com

Or you can call the property to set up an in person application appointment.

We are located at 4889 Old Highway 8, Mounds View, MN 55112. As a senior community, the applicant head of household must be at least 55 years old+ and other members of the household must be at least 50 years old+. Our senior community participates in the Section 42 Tax Credit Program and has the following income restrictions based on number of people residing in the unit:

1 Person: $49,320

2 People: $56,340

3 People: $63,360

4 People: $70,380

5 People: $76,020

6 People: $81,660

Households containing all full-time students for five or more months during the current calendar year must meet one of these qualifications:

At least one student receiving assistance under the Title IV of the Social Security Act
At least one student previously under the care and placement responsibility of the state agency responsible for administering foster care
At least one student participating in a program receiving assistance under the Job Training Partnership Act, Workforce Investment Act, or under similar federal, state, or local laws
At least one student a single parent with children and the parent is not a dependent of another individual and the children are not dependents of someone other than a parent.
Students are married and entitled to file a joint tax return

PLEASE NOTE: Availability is first come, first serve. Units are only put on hold with an application, application fee of $25 per adult, and $500 deposit.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	653	From $649 To $1,105
Two Bedroom (2/1)	895	From $1,263 To $1,527
Three Bedroom (3/2)	1204	From $1,455 To $1,540

Eligibility for Villas of Mounds View

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 Mounds View but actual income limits may differ for units at Villas of Mounds View.

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

Villas of Mounds View Details

120 one, two and three bedroom units.
Mid Rise
$25.00 application fee
Water and Sewer utilities included in rent
Heat utility included in rent
Low-Income Housing Tax Credit (LIHTC)
Section 8 Project-Based Voucher (PBV)

Property Amenities

Controlled Access
Elevator
Fitness Center
Community Room
Underground Parking
Grilling Area
On-Site Recycling
Smoke Free
Picnic Area
Package Lockers

Unit Amenities

Water Trash and Sewer Included
Central Heat & Air
Washer and Dryer Included

Office Hours

Day	Hours
Monday	7:00am-3:30pm
Tuesday	7:00am-3:30pm
Wednesday	7:00am-3:30pm
Thursday	7:00am-3:30pm
Friday	7:00am-3:30pm

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.