About This Property
Red Lake Homes XII offers 40 low-income residential units in Red Lake, Minnesota, serving families in the community. The property, which was placed in service in 2015, contains 30 three-bedroom units and 10 four-bedroom units.
Property Details
Fair Market Rent - Clearwater 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 | $634 |
| 1 Bedroom | $712 |
| 2 Bedroom | $936 |
| 3 Bedroom | $1,266 |
| 4 Bedroom | $1,450 |
Income Limits - Clearwater 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 Clearwater County, MN is: $634 (Studio), $712 (1BR), $936 (2BR), $1266 (3BR), $1450 (4BR). Actual rent at subsidized properties like Red Lake Homes Xii is typically 30% of household income or less.
What size apartments are available at Red Lake Homes Xii?+
Red Lake Homes Xii offers the following unit types: 30 Three-Bedroom, 10 Four-Bedroom units, for a total of 40 units.
Who is eligible to live at Red Lake Homes Xii?+
Red Lake Homes Xii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Red Lake Homes Xii?+
Red Lake Homes Xii 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 Clearwater County, the estimated price range is: 3-bedroom: $1266. Actual rent at Red Lake Homes Xii may be lower for income-eligible households.
Who manages Red Lake Homes Xii?+
Red Lake Homes Xii is managed by . You can reach them at .
What are the income limits for affordable housing in Clearwater County, MN?+
For a 4-person household in Clearwater 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.
Walk Score
Almost All Errands Require a Car