Pine River Square Townhomes

About This Building

Program Type: LIHTC (Low Income Tax Credit) - Affordable Housing Option Income and Rent Restrictions: To ensure affordability, these rental apartments are supported by the LIHTC program and have specific rent and income restrictions. The maximum rent charged is based on the Area Median Income (AMI). However, please be aware that the AMI may still render this apartment unaffordable for low income individuals. Before making a decision, we recommend checking the current rental rates to determine affordability for you. Section 42 Credits and Builders' Incentives: The LIHTC program, also known as Section 42 credits under the Internal Revenue Code, provides builders and developers with incentives to create affordable housing for low income individuals. Waiting Lists and How to Apply: Given the high demand for affordable apartments, waiting lists are common. We have provided the contact information below, allowing you to directly inquire about the application process and determine if you qualify to live here. Income Verification and Requirements: To apply for residency, it is important to consider the LIHTC program requirements. All adults who are expected to reside in the apartment must have their income included and verified during the application process. For more details, please contact the management office. Services and Amenities: This apartment community offers a range of services and amenities: - Professional management - Affordable rents - Oak cabinetry in all kitchens and baths - Water/sewer/trash included - Cable hook-ups - Accessible unit - Playground Contact Information: CEPCO Management & Development 32 Tenth Ave. S, Suite 109, Hopkins, MN 55343