Cornerstone Village
40 Saint Michael Pkwy, St Michael, Minnesota 55376
Contact Cornerstone Village
Cornerstone Village is managed by Sand Property Management, LLC .
WELCOME TO CORNERSTONE VILLAGE
New standards for maximizing your home's comfort, function, and style at Cornerstone Village Apartment Homes. This community features spacious one, two and three bedroom apartment homes, with blonde shaker style cabinetry, energy efficient appliances and a private patio or balcony for every home. Located off St. Michael Parkway and Main Street, local restraunts and Walgreens are within walking distance and Albertville Premium Outlets is only 5 minutes away!
This community participates in affordable housing programs. That means a residents must qualify with a miniumum and maximum income requuirements. Contact the on-site management team to learn more about becoming a resident at Cornerstone Village Apartment Homes.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 857 | From $1,118 |
| Two Bedroom (2/2) | 1072 | From $1,336 |
| Three Bedroom (3/2) | 1435 | From $1,538 |
Eligibility for Cornerstone Village
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 St Michael but actual income limits may differ for units at Cornerstone Village.
| 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 |
Cornerstone Village Details
- 42 one, two and three bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
Property Amenities
- Controlled Access
- Elevator
- Fitness Center
- BBQ and Picnic Area
- Community Room
- On-Site Manager
- Underground Parking
- On-Site Parking
- Bicycle Storage
- Smoke Free
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Cable Ready
- Walk-in Closet(s)
- Refrigerator
- Washer and Dryer Included
- Private Patio and Balcony
Office Hours
| Day | Hours |
|---|---|
| Monday | 8:00am-4:00pm |
| Tuesday | 8:00am-4:00pm |
| Wednesday | 8:00am-4:00pm |
| Thursday | 8:00am-4:00pm |
| Friday | 8:00am-4:00pm |
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.
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