About This Property
The Lofts At Lea Center comprises 37 low-income residential units in Albert Lea, Minnesota, with a mix of 22 one-bedroom and 15 two-bedroom apartments. Placed in service in 2006, the property is funded through HOME program resources and operates under 9% Low-Income Housing Tax Credit financing. The development provides affordable housing options for eligible households in Freeborn County.
Waitlist Information
Waitlist managed by Housing and Redevelopment Authority in and for the City of Albert Lea, Minnesota
Eligibility for Public Housing is based on annual gross income, qualifying as elderly, disabled, or a family, and U.S. citizenship or eligible immigration status; units include Shady Oaks high-rise (one-bedroom) and scattered site homes (two, three, and four-bedroom).
Eligibility for HCV is based on annual gross income, qualifying as elderly, disabled, or a family, and U.S. citizenship or eligible immigration status; applications can be picked up, dropped off, or mailed, and the HRA does not discriminate based on race, color, national origin, religion, sex, familial status, or physical or mental disability.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Freeborn 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 | $659 |
| 1 Bedroom | $740 |
| 2 Bedroom | $972 |
| 3 Bedroom | $1,239 |
| 4 Bedroom | $1,402 |
Income Limits - Freeborn 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 Albert Lea, MN?+
The Fair Market Rent (FMR) for Freeborn County, MN is: $659 (Studio), $740 (1BR), $972 (2BR), $1239 (3BR), $1402 (4BR). Actual rent at subsidized properties like The Lofts At Lea Center is typically 30% of household income or less.
What size apartments are available at The Lofts At Lea Center?+
The Lofts At Lea Center offers the following unit types: 22 One-Bedroom, 15 Two-Bedroom units, for a total of 37 units.
Is there a waitlist for The Lofts At Lea Center?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who manages The Lofts At Lea Center?+
The Lofts At Lea Center is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Albert Lea, MN?+
Based on Fair Market Rent for Freeborn County, the estimated price range is: 1-bedroom: $740, 2-bedroom: $972. Actual rent at The Lofts At Lea Center may be lower for income-eligible households.
Who is eligible to live at The Lofts At Lea Center?+
The Lofts At Lea Center primarily serves SINGLES. 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 The Lofts At Lea Center?+
The Lofts At Lea Center is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, 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 are the income limits for affordable housing in Freeborn County, MN?+
For a 4-person household in Freeborn 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.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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