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Affordable Homes in
Mound, MN

Balsam Hill Apartments and Townhomes.

Affordability Types:

  • Rent Based on Income
  • Tax Credit / HOME
  • 811 PRAC
  • Project Based
  • Long-Term Homeless
Balsam Hill Apartments and Townhomes
Affordability Details
Section 8 / Housing Choice Vouchers:
Vouchers Accepted on SELECT UNITS
Age Restricted:
No
Waitlist:
No
Affordability Types:

Rent Based on Income

Tax Credit / HOME
811 PRAC
Project Based
Long-Term Homeless

Details below.

Aeon Affordable Communities overlapping houses graphic

Project Based Housing

Project-Based Section 8 is a government-funded program that provides rental assistance directly tied to specific properties.  This project is administered through Metro HRA.  Learn more about Metro HRA »

Tax Credit / HOME

Housing Tax Credit properties, also known as Section 42, provide affordable housing with income and rent restrictions set by the Internal Revenue Service (IRS).  The HOME program is a federally funded initiative that provides affordable housing for low-income households.

Balsam Hill has units designated for three different income limits:

Income Restrictions (30% AMI) Per Household:
1 Person
26100
2 People
29280
3 People
33540
4 People
37260
5 People
40260
6 People
43230

811 PRAC

The 811 PRAC program provides housing for individuals with disabilities and long-term housing instability, in partnership with the Department of Human Services (DHS).  Referrals are required through a DHS coordinator.

Long-Term Homeless

Provides stable, affordable homes with on-site or connected services for individuals and families who have experienced homelessness.  Referrals are required through People Inc.  Learn more about People Inc »

Amenities.

Relax at Home,
Enjoy the Community

Apartment Amenities

Carpeted bedrooms
Vinyl Wood Flooring
Window Blinds
Washer/Dryer (in Townhome units)
Efficient Appliances
Cable Ready
Air Conditioner

Community Amenities

Playground
On-Site Maintenance
Elevator
Courtyard
BBQ/Picnic Area
On-site Laundry
On-site Parking
On-Site Management
Community Room
On Bus Line
Computer Lab

Floor Plans.

Aeon Affordable Communities overlapping houses graphic

Find Your New Home

Balsam Hill Apartments and Townhomes offers the following unit types:

  • Studio
  • 1 Bedroom
  • 2 Bedroom
  • 3 Bedroom

FAQ.

Your Questions Answered

What utilities are included?

Water, Trash, Electric, Gas

Electric and Gas are not included for townhomes.

What is the pet policy?

Pets are not allowed in this community.

What is the application fee?

The application fee is $30.00 per adult. The application fee must be paid prior to application being accepted. Please note that your application fee is non-refundable.

Aeon Management LLC only returns application fees in the rare occurrence that you are rejected for reasons other than stated in our Resident Selection Criteria.

Applicants must also pay a Hold Fee once application screening is approved. This Hold Fee will be applied toward the security deposit when the applicant moves into the development. The Hold Fee will only be returned if the applicant(s) does not income qualify or is otherwise denied for housing.

Do you do a background screening?

Aeon Management LLC checks for the following:

  • Living History. Applicants may be denied if they owe money to previous landlords or owe money to utility companies as indicated on the Credit Report. Applicants may be denied if they have an Eviction Action within the past 12 months from application date.
  • Criminal History. Criminal history that would adversely affect the health, safety, or welfare of other residents or the viability of the property is not allowed. See complete Resident Selection Criteria for Criminal Criteria.
  • Income. Applicants must have gross (pre-tax) income equal to or above two and a half times (2.5x) the rent (a Section 8 voucher or comparable subsidy source also may be acceptable). In addition, applicants must meet income restrictions for funding programs where applicable. See complete Resident Selection Criteria document for the specific income limit for your household size.
  • Student Status/Homeless Requirements. Applicants must meet student status requirements, as applicable to the funding program on the unit. Additionally, if applicable to the funding program on the unit, applicants must meet homeless requirements. For HOME units only, applicants must meet student status requirements, as applicable to the funding program on the unit.

Contact Us.

Let us know how
we can help

Address

2020 Commerce Blvd
Mound, MN 55364

Leasing Phone

Resident Portal

Your Next Step Awaits.

Find your home with Aeon at Balsam Hill Apartments and Townhomes.
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