Affordable Housing Information
Lou Park offers both market-rate and rent-restricted apartments in St. Louis Park.
Please
review the Resident Screening Criteria to determine if your household meets the
requirements for a 4D Affordable Housing Program apartment. Household maximum income
limits and all full-time student household limitations apply. The household
income is based on gross annual income (before taxes
and any deductions) earned from all sources including, but not limited to;
employment, social security, unemployment, child support, public assistance,
pensions, annuities, interest income, dividends, stocks, bonds, insurance
settlements, recurring gifts from family/friends, lottery winnings, etc.
Documentation
will be required of all income, assets, and student status for all household
members. The property has a minimum household income requirement of 2.5 times
the monthly rent amount to qualify. For example, if the monthly rent is $950,
the household monthly income needs to be $2,375/month or $28,500/year). Total
gross household income must be under the following limits based on household size (see tables below).
PLEASE
NOTE: Lou Park accepts Section 8 Housing Choice Vouchers on our Income-Restricted Apartments that are part of the 4D Affordable Housing Program. Please confirm your maximum
payment standard with your housing case worker before applying.