Need Affordable Housing? Pike Lake Marsh in Prior Lake, MN
Pike Lake Marsh participates in an affordable housing program and incomes are restricted based on the number of occupants per household.
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Rent is high throughout the Twin Cities. Pike Lake Marsh is an exception to this rule. This is because of an affordable housing program that Pike Lake Marsh participates in. With this program, household incomes are limited, there are also rules regarding student status. 2021 Household Incomes for Pike Lake Marsh: 1 Occupant: $44,100; 2 Occupants: $50,400; 3 Occupants: $56,700; 4 Occupants: $62,940; 5 Occupants: $67,980; 6 Occupants: $73,020.
Contact for more information about housing voucher acceptance.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | - | Call for Price |
2 Bedroom (2/1) | - | Call for Price |
3 Bedroom (3/1) | - | Call for Price |
Day | Hours |
---|---|
Tuesday | 9:00am-5:00pm |
Thursday | 9:00am-5:00pm |
Friday | 9:00am-3:00pm |
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.