Affordable Housing at Aeon.
Most of our communities at Aeon serve households earning 60% of the Area Median Income (AMI) or less. Our properties operate under different funding programs that determine eligibility and rent structures. Some communities offer deeply affordable housing with income-based rent, while others offer attainable housing with flexible application processes and no ongoing income recertification.
Whether you’re looking for housing with rental assistance or an affordable home without income-based rent, Aeon offers a variety of options.
Income Restrictions (60% AMI):
- 1 Person per Household – $52,200
- 2 People per Household – $59,640
- 3 People per Household – $67,080
- 4 People per Household – $74,520
- 5 People per Household – $80,520
- 6 People per Household – $86,460
- 7 People per Household – $92,460
- 8 People per Household – $98,400
Each unit at Aeon’s properties has an assigned income limit between 30% – 80%. Confirm with the site staff on the applicable income limit for the unit you are applying for. The chart lists the maximum income limit, based on the limit for the unit combined with the household size of the household applying.
What Is It?
Who Qualifies?
- Applicants must be referred to the property through the Minnesota Coordinated Entry System (CES).
- Eligibility is determined based on housing assessments that prioritize those with the greatest need.
- Residents may have access to supportive services such as case management, mental health resources, and job training.
- Rent is typically based on income and program guidelines.
- Most vacancies are filled through CES referrals rather than open waiting lists.
What Is It?
Tenant-Based Section 8, also known as the Housing Choice Voucher Program, is a government-funded rental assistance program that allows qualified households to rent at any participating property.
Who Qualifies?
- Households must apply and qualify for a Section 8 voucher through their local Public Housing Authority (PHA), Housing Redevelopment Authority (HRA), or Community Development Agency (CDA).
- Once approved, the voucher can be used at any property that accepts Section 8.
- The PHA/HRA/CDA determines the rent breakdown, with the assistance portion paid directly to the property.
What Is It?
Who Qualifies?
- Applicants must be referred to the property through the Minnesota Coordinated Entry System (CES).
- Eligibility is determined based on housing assessments that prioritize those with the greatest need.
- Residents may have access to supportive services such as case management, mental health resources, and job training.
- Rent is typically based on income and program guidelines.
- Most vacancies are filled through CES referrals rather than open waiting lists.
What Is It?
The 811 PRA program provides housing for individuals with disabilities and long-term housing instability, in partnership with the Department of Human Services (DHS).
Who Qualifies?
- Households must be referred by a designated DHS coordinator.
- Applicants must meet income restrictions, disability criteria, and be 61 years or younger.
- Rent is based on 30% of the household’s gross annual income.
- Annual recertification is required, with rent adjustments possible if income changes.
What Is It?
Who Qualifies?
- Households must have at least one member who is 62 years or older.
- Applicants must meet income restrictions set by HUD.
- Rent is based on 30% of the households “adjusted” gross income
- Annual recertification is required, with rent adjustments possible if income changes.
What Is It?
Who Qualifies?
- Households with a gross annual income at or below 50% or 60% of AMI (some newer agreements range from 30%–80%, based on the property).
- Rent must remain below the State of Minnesota’s rent limit threshold based on bedroom size
- A student rule applies to many properties, limiting eligibility for households composed entirely of full-time students unless they meet specific exceptions.
- Some properties require annual income recertification.
What Is It?
Who Qualifies?
- Households with a gross annual income at or below 50% or 80% of AMI (depending on property agreements).
- Rents are published annually by the US Dept of HUD.
- Some properties have a student rule that limits eligibility for those attending an institute of higher education unless they meet certain exceptions.
- Some properties require annual income recertification.
Find Housing at Aeon.
