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 open for senior/disabled households only for one-bedroom units. Preferences are given to elderly, handicap, and disabled individuals.
Eligibility is based on income, family size, and citizenship status; the program is administered by the Mora Housing and Redevelopment Authority, which can be reached at (320) 679-4789.
Waitlist data provided by section8waitlist.org
Updated May 28, 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 |
Advertisement
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.
Is there a waitlist for Tower Terrace Townhomes?+
Public Housing waitlist is currently Open. 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.
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.
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.
Who manages Tower Terrace Townhomes?+
Tower Terrace Townhomes is managed by . You can reach them at .
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.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Tower Terrace Townhomes
Cambridge Economic Development Authority
Cambridge, MN
45 UnitsNormandy Townhomes
Cambridge, MN
30 UnitsTower Terrace Townhomes
Cambridge, MN
32 UnitsLegacy Townhomes
Cambridge, MN
30 UnitsHeritage Townhomes
Cambridge, MN
24 UnitsRum River Square
Isanti, MN
21 Units