Affordable Housing Program
The Mera offers both market-rate and rent-restricted apartments in St. Louis Park. As part of the city's Inclusionary Housing Policy. Inclusionary housing is a standard part of new developments across St. Louis Park, designed to create housing options for a range of income levels within the same neighborhoods and buildings. The Mera's affordable units are treated the same as any other apartment in the building, and include the same screening process and lease terms.
Please review the Resident Screening Criteria and affordable program requirements below 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: The Mera accepts Section 8 Housing Choice Vouchers. Please confirm your maximum payment standard with your housing caseworker before inquiring.