About This Property
Cannon Valley Apts. offers 24 low-income units in Cannon Falls, Minnesota. The property was placed in service in 1990 and serves Goodhue County residents.
Property Details
Fair Market Rent - Goodhue 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 | $737 |
| 1 Bedroom | $874 |
| 2 Bedroom | $1,046 |
| 3 Bedroom | $1,474 |
| 4 Bedroom | $1,775 |
Income Limits - Goodhue County, MN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,450
- Very Low (50%)
- $30,700
- Low (80%)
- $49,100
- Extremely Low (30%)
- $21,050
- Very Low (50%)
- $35,050
- Low (80%)
- $56,100
- Extremely Low (30%)
- $23,700
- Very Low (50%)
- $39,450
- Low (80%)
- $63,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $43,800
- Low (80%)
- $70,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $47,350
- Low (80%)
- $75,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $50,850
- Low (80%)
- $81,350
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $54,350
- Low (80%)
- $86,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $57,850
- Low (80%)
- $92,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,450 | $30,700 | $49,100 |
| 2 Persons | $21,050 | $35,050 | $56,100 |
| 3 Persons | $23,700 | $39,450 | $63,100 |
| 4 Persons | $26,500 | $43,800 | $70,100 |
| 5 Persons | $31,040 | $47,350 | $75,750 |
| 6 Persons | $35,580 | $50,850 | $81,350 |
| 7 Persons | $40,120 | $54,350 | $86,950 |
| 8 Persons | $44,660 | $57,850 | $92,550 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Cannon Falls, MN?+
The Fair Market Rent (FMR) for Goodhue County, MN is: $737 (Studio), $874 (1BR), $1046 (2BR), $1474 (3BR), $1775 (4BR). Actual rent at subsidized properties like Cannon Valley Apts. is typically 30% of household income or less.
What are the income limits for affordable housing in Goodhue County, MN?+
For a 4-person household in Goodhue County, MN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $43,800, Low Income (80% AMI): $70,100. These limits are set by HUD and updated annually.
Who manages Cannon Valley Apts.?+
Cannon Valley Apts. is managed by . You can reach them at .
How do I apply for housing at Cannon Valley Apts.?+
Cannon Valley Apts. 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.
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