About This Property
Taylors Falls Affordable Townhomes comprises 12 low-income rental units in Taylors Falls, Minnesota, with a mix of one, two, and three-bedroom floor plans. The property has been in service since 1998 and receives 9% Low-Income Housing Tax Credit funding. The development includes two one-bedroom units, six two-bedroom units, and four three-bedroom units.
Property Details
Fair Market Rent - Chisago 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 - Chisago 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 Taylors Falls, MN?+
The Fair Market Rent (FMR) for Chisago County, MN is: $1174 (Studio), $1327 (1BR), $1622 (2BR), $2188 (3BR), $2478 (4BR). Actual rent at subsidized properties like Taylors Falls Affordable Townhomes is typically 30% of household income or less.
What size apartments are available at Taylors Falls Affordable Townhomes?+
Taylors Falls Affordable Townhomes offers the following unit types: 2 One-Bedroom, 6 Two-Bedroom, 4 Three-Bedroom units, for a total of 12 units.
What is the price range for apartments in Taylors Falls, MN?+
Based on Fair Market Rent for Chisago County, the estimated price range is: 1-bedroom: $1327, 2-bedroom: $1622, 3-bedroom: $2188. Actual rent at Taylors Falls Affordable Townhomes may be lower for income-eligible households.
What are the income limits for affordable housing in Chisago County, MN?+
For a 4-person household in Chisago 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.
Who manages Taylors Falls Affordable Townhomes?+
Taylors Falls Affordable Townhomes is managed by . You can reach them at .
How do I apply for housing at Taylors Falls Affordable Townhomes?+
Taylors Falls Affordable Townhomes 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
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