About This Property
Red Lake Homes VII offers 26 low-income residential units in Red Lake, Minnesota, serving individuals with disabilities. The property was placed in service in 2003 and features 30 one-bedroom units funded through the 9% Low-Income Housing Tax Credit program.
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 Vii is typically 30% of household income or less.
What size apartments are available at Red Lake Homes Vii?+
Red Lake Homes Vii offers the following unit types: 30 One-Bedroom units, for a total of 26 units.
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.
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. Actual rent at Red Lake Homes Vii may be lower for income-eligible households.
Who manages Red Lake Homes Vii?+
Red Lake Homes Vii is managed by . You can reach them at .
How do I apply for housing at Red Lake Homes Vii?+
Red Lake Homes Vii 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.
Who is eligible to live at Red Lake Homes Vii?+
Red Lake Homes Vii primarily serves persons with disabilities, SINGLES. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Almost All Errands Require a Car
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