About This Property
Cottage Homesteads of Willow Ponds comprises 48 units in Lino Lakes, Minnesota, with 47 designated as low-income housing. The community contains 12 one-bedroom and 34 two-bedroom units and has been in service since 1996. The property is financed through 9% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Anoka County, MN
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,174 |
| 1 Bedroom | $1,327 |
| 2 Bedroom | $1,622 |
| 3 Bedroom | $2,188 |
| 4 Bedroom | $2,478 |
Income Limits - Anoka County, MN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $22,050
- Very Low (50%)
- $36,750
- Low (80%)
- $55,950
- Extremely Low (30%)
- $25,200
- Very Low (50%)
- $42,000
- Low (80%)
- $63,950
- Extremely Low (30%)
- $28,350
- Very Low (50%)
- $47,250
- Low (80%)
- $71,950
- Extremely Low (30%)
- $31,450
- Very Low (50%)
- $52,450
- Low (80%)
- $79,900
- Extremely Low (30%)
- $34,000
- Very Low (50%)
- $56,650
- Low (80%)
- $86,300
- Extremely Low (30%)
- $36,500
- Very Low (50%)
- $60,850
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $65,050
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $69,250
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $22,050 | $36,750 | $55,950 |
| 2 Persons | $25,200 | $42,000 | $63,950 |
| 3 Persons | $28,350 | $47,250 | $71,950 |
| 4 Persons | $31,450 | $52,450 | $79,900 |
| 5 Persons | $34,000 | $56,650 | $86,300 |
| 6 Persons | $36,500 | $60,850 | $92,700 |
| 7 Persons | $40,120 | $65,050 | $99,100 |
| 8 Persons | $44,660 | $69,250 | $105,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lino Lakes, MN?+
The Fair Market Rent (FMR) for Anoka County, MN is: $1174 (Studio), $1327 (1BR), $1622 (2BR), $2188 (3BR), $2478 (4BR). Actual rent at subsidized properties like Cottage Homesteads of Willow Ponds is typically 30% of household income or less.
What size apartments are available at Cottage Homesteads of Willow Ponds?+
Cottage Homesteads of Willow Ponds offers the following unit types: 12 One-Bedroom, 34 Two-Bedroom units, for a total of 48 units.
How do I apply for housing at Cottage Homesteads of Willow Ponds?+
Cottage Homesteads of Willow Ponds is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who manages Cottage Homesteads of Willow Ponds?+
Cottage Homesteads of Willow Ponds is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Lino Lakes, MN?+
Based on Fair Market Rent for Anoka County, the estimated price range is: 1-bedroom: $1327, 2-bedroom: $1622. Actual rent at Cottage Homesteads of Willow Ponds may be lower for income-eligible households.
What are the income limits for affordable housing in Anoka County, MN?+
For a 4-person household in Anoka County, MN, the income limits are: Extremely Low Income (30% AMI): $31,450, Very Low Income (50% AMI): $52,450, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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