About This Property
Red Lake Homes IV comprises 24 three-bedroom units designated for low-income households in Red Lake, Minnesota. The property has been in service since 2001 and is owned by a non-profit organization. All 24 units serve as affordable housing resources for 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 Iv is typically 30% of household income or less.
What size apartments are available at Red Lake Homes Iv?+
Red Lake Homes Iv offers the following unit types: 24 Three-Bedroom units, for a total of 24 units.
Who manages Red Lake Homes Iv?+
Red Lake Homes Iv is managed by . You can reach them at .
What is the price range for apartments in Red Lake, MN?+
Based on Fair Market Rent for Beltrami County, the estimated price range is: 3-bedroom: $1352. Actual rent at Red Lake Homes Iv may be lower for income-eligible households.
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 Iv?+
Red Lake Homes Iv 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.
Walk Score
Almost All Errands Require a Car
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