Storybrook Apartments

405 2nd St NW, Pipestone, Minnesota 56164

Contact Storybrook Apartments

Storybrook Apartments is a perfect for those 55+ or disabled individuals who are looking for a cozy yet active environment. The residents connect through activities that take place in the community room and garden areas. Rent is based on 30% of your annual income. Applicants must make $35,750 or less per year to qualify. This community offers q and 2 bedroom apartments. A security deposit equal to one month of rent will be due at time of lease signing.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	608	Income Based
2 Bedroom (2/1)	905	Income Based

Eligibility for Storybrook Apartments

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 Pipestone but actual income limits may differ for units at Storybrook Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
30%	$18,550	$21,200	$24,860	$30,000
50%	$30,900	$35,300	$39,700	$44,100
80%	$49,400	$56,450	$63,500	$70,550

Storybrook Apartments Details

41 one and two bedroom units.
Water and Sewer utilities included in rent
Section 8 Project-Based Rental Assistance (PBRA)
HOME Investment Partnerships Program

Property Amenities

Elevator
Community Room
On-Site Manager
24hr Emergency Maintenance
Off-Street Parking
Peaceful Community
Landscaping
Smoke Free
Courtyard
Laundry Facility
On-Site Laundry

Unit Amenities

Handicapped Accessible
Spacious Closets
Refrigerator
Sewer Included
Water Included
Stove

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.

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.