Affordable
Zelia on Seven 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 an Inclusionary 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: Zelia on Seven accepts Section 8 Housing Choice Vouchers. Please confirm your maximum
payment standard with your housing case worker before applying.