FAQs - Frequently Asked Questions
HOW DO I QUALIFY?
A: 1500 Nicollet participates in an affordable housing program. Applicants must meet the following income qualifications:
The household income is based on GROSS annual income (before any deductions) earned from all sources including wages, social security payments, public assistance, pensions, annuities, interest income, dividends, stocks, bonds, insurance settlements, recurring gifts from family/friends, sales of artwork, etc. Third-party verification will be required of all income, and copies of tax returns and pay stubs may be required. Total household income must be under the following limits based on household size:
NOTE: Households comprised of all full-time students do not qualify for tax credit (affordable) housing. If there are students in the household, at least one member of the household must be a part-time student. Student status is based on the calendar yet, not the move-in date. If you/your household members are students, please contact the Management Office for more details.
ARE HOUSING CHOICE VOUCHERS ACCEPTED?
A: No, we are not currently accepting Section 8 vouchers at this time.
MY INCOME VARIES - HOW DO I KNOW HOW MUCH I MAKE?
A: Look at your last six pay stub's gross earnings and add all six up. Divide by six to figure out how much you make per pay period. Multiply by the number of pay periods per year.
- Weekly = 52
- Bi-Weekly = 26
- Semi Monthly = 24
- Monthly = 12
WHAT OTHER ITEMS ARE INCLUDED IN MY HOUSEHOLD INCOME?
A: Total assets valued at greater than $5,000 have a very small inputted value added to household income.
ARE THERE OCCUPANCY LIMITATIONS?
A: A maximum of 2 occupants per bedroom is permitted.
ARE PETS ALLOWED?
A: Yes, 1500 Nicollet is a pet-friendly community! Dogs & cats welcome!
- Limit: 2 pets per household
Some breed & other restrictions may apply. Please call for more details.
IS SMOKING PERMITTED?
A: No, smoking of all types (cigarettes, e-cigarettes, cigars, etc.) is prohibited. 1500 Nicollet is an entirely smoke-free community.
IS PARKING AVAILABLE?
A: Yes, underground parking is available for an additional $140* per month. Parking is awarded based upon availability.