Parkside Village Apartments

3602 Stephens Ave S, Missoula, Montana 59801

Contact Parkside Village Apartments

Parkside Village is a 104-unit community comprised of studios, one and two-bedroom apartment homes. All of Parkside’s studios and one-bedroom units are single-level, ground-floor apartments while Parkside’s two-bedroom units are all “townhouse style,” featuring a main-floor kitchen, living and dining room with bedrooms and bathroom on the second floor. There are twelve residential buildings on the property with one centrally-located laundry room and leasing office, which is staffed by full-time management and maintenance personnel. One pet cat is allowed per household. There is ample off-street parking throughout the property.

Parkside Village, including a playground and several lawn areas, is shaded by over 100 pine and maple trees, which help give the community a park-like feeling within the desirable Lewis & Clark neighborhood on Missoula’s south side. Neighborhood amenities include a park with natural duck ponds directly across the street as well as numerous grocery stores, restaurants, coffee shops, pharmacies, dental clinics, fitness centers, churches, baseball fields and a water park, all located within one block of the property. Russell Elementary School, Sentinel High School and the Missoula County Fairgrounds are also within half a mile of Parkside Village and the zero-fare Mountain Line bus stops at our property. Parkside Village is an ideal choice for individuals and families of all ages.

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Call for Price
One Bedroom (1/1)	-	Call for Price
Two Bedroom (2/1)	-	Call for Price

Eligibility for Parkside Village 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 Missoula but actual income limits may differ for units at Parkside Village Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
50%	$30,250	$34,600	$38,900	$43,200

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 Missoula but actual income limits may differ for units at Parkside Village Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$30,250	$34,600	$38,900	$43,200
Low Income (60%)	$36,300	$41,520	$46,680	$51,840

Parkside Village Apartments Details

105 studio, one and two bedroom units.
HOME Investment Partnerships Program
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
State or Local Program
Section 221 (d) (3)
Section 236

Property Amenities

Playground
On-Site Manager
Laundry Room
Off-Street Parking
On-Site Maintenance

Unit Amenities

Utilities Included

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.

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.

Section 236

Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.