Maplewood Apartments

1320 N 5th St, St Peter, Minnesota 56082

Contact Maplewood Apartments

Maplewood Apartments offer newly updated units, common areas and building featuring a new playground and shelter area with grills. Also every unit has new AC units, flooring, cabinets, countetops and appliances. This community features 1, 2, and 3 bedroom apartments.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	592	From $690 To $695
2 Bedroom (2/1)	741	From $780 To $800
3 Bedroom (3/1)	872	From $815 To $835

Waiting list is Open Now

Maplewood Apartments currently has 3 vacancies open.

Last updated on March 1st, 2021

Eligibility for Maplewood Apartments

Maplewood Apartments Details

30 one, two and three bedroom units.
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program

Property Amenities

Playground
On-Site Maintenance
Heat Included
On-Site Laundry

Unit Amenities

Air Conditioning
Water Trash and Sewer Included

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

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.

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.

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.