About This Property
Tower Terrace Townhomes provides 32 townhome units in Cambridge, Minnesota, including 31 designated low-income units. The property features a mix of 20 two-bedroom and 12 three-bedroom units and has been in service since 1995. The development utilizes 9% Low-Income Housing Tax Credits to support affordable housing availability in Isanti County.
Waitlist Information
Waitlist managed by Cambridge Economic Development Authority
The waiting list is currently accepting pre-applications for senior/disabled households for one-bedroom units. Preferences are given to elderly, handicapped, and disabled individuals; no family public housing is offered.
The Section 8 Housing Choice Voucher program for Cambridge, MN, is administered by the Mora Housing and Redevelopment Authority, with no active waitlist information currently available.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Isanti 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 - Isanti 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 Cambridge, MN?+
The Fair Market Rent (FMR) for Isanti County, MN is: $1174 (Studio), $1327 (1BR), $1622 (2BR), $2188 (3BR), $2478 (4BR). Actual rent at subsidized properties like Tower Terrace Townhomes is typically 30% of household income or less.
What size apartments are available at Tower Terrace Townhomes?+
Tower Terrace Townhomes offers the following unit types: 20 Two-Bedroom, 12 Three-Bedroom units, for a total of 32 units.
What are the income limits for affordable housing in Isanti County, MN?+
For a 4-person household in Isanti 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.
How do I apply for housing at Tower Terrace Townhomes?+
Tower Terrace Townhomes 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 manages Tower Terrace Townhomes?+
Tower Terrace Townhomes is managed by . You can reach them at .
What is the price range for apartments in Cambridge, MN?+
Based on Fair Market Rent for Isanti County, the estimated price range is: 2-bedroom: $1622, 3-bedroom: $2188. Actual rent at Tower Terrace Townhomes may be lower for income-eligible households.
Is there a waitlist for Tower Terrace Townhomes?+
Public Housing waitlist is currently Open. 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.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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