About This Property
Balsam Hill Apartments in Mound offers 66 low-income units developed in 2017 with HOME funding and 9% LIHTC credits. The property provides housing for families and homeless individuals across a mix of studio, one-bedroom, two-bedroom, and three-bedroom floor plans. Unit distribution includes 16 studios, 35 one-bedroom, 5 two-bedroom, and 10 three-bedroom apartments.
Waitlist Information
Waitlist managed by Housing and Redevelopment Authority of the City of Mound, Minnesota
The Housing and Redevelopment Authority of Mound (HRAM) is not accepting Public Housing waiting list applications at this time. The HRAM offers one Public Housing community with 50 units for families and senior/disabled households.
The Section 8 Housing Choice Voucher waiting list is currently closed.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Hennepin 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 - Hennepin 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 Mound, MN?+
The Fair Market Rent (FMR) for Hennepin County, MN is: $1174 (Studio), $1327 (1BR), $1622 (2BR), $2188 (3BR), $2478 (4BR). Actual rent at subsidized properties like Balsam Hill Apts and Th (Fka Indian Knoll) is typically 30% of household income or less.
What size apartments are available at Balsam Hill Apts and Th (Fka Indian Knoll)?+
Balsam Hill Apts and Th (Fka Indian Knoll) offers the following unit types: 16 Studio, 35 One-Bedroom, 5 Two-Bedroom, 10 Three-Bedroom units, for a total of 66 units.
What is the price range for apartments in Mound, MN?+
Based on Fair Market Rent for Hennepin County, the estimated price range is: 1-bedroom: $1327, 2-bedroom: $1622, 3-bedroom: $2188. Actual rent at Balsam Hill Apts and Th (Fka Indian Knoll) may be lower for income-eligible households.
What are the income limits for affordable housing in Hennepin County, MN?+
For a 4-person household in Hennepin 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.
Is there a waitlist for Balsam Hill Apts and Th (Fka Indian Knoll)?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who manages Balsam Hill Apts and Th (Fka Indian Knoll)?+
Balsam Hill Apts and Th (Fka Indian Knoll) is managed by . You can reach them at .
How do I apply for housing at Balsam Hill Apts and Th (Fka Indian Knoll)?+
Balsam Hill Apts and Th (Fka Indian Knoll) 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.
Who is eligible to live at Balsam Hill Apts and Th (Fka Indian Knoll)?+
Balsam Hill Apts and Th (Fka Indian Knoll) primarily serves families, formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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