Park Place I

1209 7th St NE, Devils Lake, North Dakota 58301

Contact Park Place I

This unique community consists of two buildings each with 24 one-bedroom apartment homes. We do have ac units in the hallway and there is designated areas where they can be installed. We want to help in making your stay with us an enjoyable one.

Unit (Bd/Ba)	Ft²	Rent
1 BR (1/1)	550	Income Based
1 BR HC (1/1)	750	Income Based
2 BR (2/1)	800	Income Based

Eligibility for Park Place I

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 Devils Lake but actual income limits may differ for units at Park Place I.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$33,500	$38,300	$43,100	$47,850
Low Income (60%)	$40,200	$45,960	$51,720	$57,420

Park Place I Details

24 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program
Section 515 Rural Rental Housing

Property Amenities

Controlled Access
Elevator
Community Room
On-Site Manager
Organized Activities
24hr Emergency Maintenance
Garage
Off-Street Parking
Experienced Management
Peaceful Community
Landscaping
Snow Removal
Bus available
Walking Trails
On-Site Maintenance
Coin-Operated Laundry
Barber Shop and Beauty Salon
Meal Services
Computer Room

Unit Amenities

Air Conditioning
Garbage Disposal
vertical blinds

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.

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.