About This Property
Riverside Townhomes offers 18 low-income units in Lake City, Minnesota, consisting of one 2-bedroom and seventeen 3-bedroom townhomes. The property has been in service since 1998 and utilizes 4% Low-Income Housing Tax Credits to support affordability. This development serves households in Goodhue County seeking accessible rental housing options.
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 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lake City, 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 Riverside Townhomes is typically 30% of household income or less.
What size apartments are available at Riverside Townhomes?+
Riverside Townhomes offers the following unit types: 1 Two-Bedroom, 17 Three-Bedroom units, for a total of 18 units.
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.
How do I apply for housing at Riverside Townhomes?+
Riverside Townhomes 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 is the price range for apartments in Lake City, MN?+
Based on Fair Market Rent for Goodhue County, the estimated price range is: 2-bedroom: $1046, 3-bedroom: $1474. Actual rent at Riverside Townhomes may be lower for income-eligible households.
Who manages Riverside Townhomes?+
Riverside Townhomes is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
