About This Property
Red Lake Homes II is a 21-unit affordable housing community in Red Lake, Minnesota that has served low-income residents since 2000. The property offers a mix of one-, two-, three-, and four-bedroom units, with the majority of units containing three bedrooms. A non-profit organization owns and operates the community.
Property Details
Fair Market Rent - Beltrami 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 | $820 |
| 1 Bedroom | $851 |
| 2 Bedroom | $1,118 |
| 3 Bedroom | $1,352 |
| 4 Bedroom | $1,576 |
Income Limits - Beltrami County, MN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,650
- Very Low (50%)
- $26,100
- Low (80%)
- $41,750
- Extremely Low (30%)
- $17,900
- Very Low (50%)
- $29,800
- Low (80%)
- $47,700
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,550
- Low (80%)
- $53,650
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,250
- Low (80%)
- $59,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,250
- Low (80%)
- $64,400
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,250
- Low (80%)
- $69,150
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,200
- Low (80%)
- $73,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,200
- Low (80%)
- $78,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,650 | $26,100 | $41,750 |
| 2 Persons | $17,900 | $29,800 | $47,700 |
| 3 Persons | $21,960 | $33,550 | $53,650 |
| 4 Persons | $26,500 | $37,250 | $59,600 |
| 5 Persons | $31,040 | $40,250 | $64,400 |
| 6 Persons | $35,580 | $43,250 | $69,150 |
| 7 Persons | $40,120 | $46,200 | $73,950 |
| 8 Persons | $44,660 | $49,200 | $78,700 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Red Lake, MN?+
The Fair Market Rent (FMR) for Beltrami County, MN is: $820 (Studio), $851 (1BR), $1118 (2BR), $1352 (3BR), $1576 (4BR). Actual rent at subsidized properties like Red Lake Homes Ii is typically 30% of household income or less.
What size apartments are available at Red Lake Homes Ii?+
Red Lake Homes Ii offers the following unit types: 1 One-Bedroom, 4 Two-Bedroom, 15 Three-Bedroom, 1 Four-Bedroom units, for a total of 21 units.
Who manages Red Lake Homes Ii?+
Red Lake Homes Ii is managed by . You can reach them at .
What are the income limits for affordable housing in Beltrami County, MN?+
For a 4-person household in Beltrami County, MN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,250, Low Income (80% AMI): $59,600. These limits are set by HUD and updated annually.
How do I apply for housing at Red Lake Homes Ii?+
Red Lake Homes Ii is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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.
What is the price range for apartments in Red Lake, MN?+
Based on Fair Market Rent for Beltrami County, the estimated price range is: 1-bedroom: $851, 2-bedroom: $1118, 3-bedroom: $1352. Actual rent at Red Lake Homes Ii may be lower for income-eligible households.
Walk Score
Almost All Errands Require a Car
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