About This Property
Timberwolf Townhomes offers 20 units in Deer River, Minnesota, with 19 designated as low-income housing. The property features a mix of 14 two-bedroom and 6 three-bedroom townhomes and has been in service since 2002. The development utilizes 9% Low-Income Housing Tax Credits to support affordable housing in Itasca County.
Property Details
Fair Market Rent - Itasca 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 | $811 |
| 1 Bedroom | $817 |
| 2 Bedroom | $1,059 |
| 3 Bedroom | $1,280 |
| 4 Bedroom | $1,431 |
Income Limits - Itasca County, MN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,650
- Very Low (50%)
- $26,100
- Low (80%)
- $41,750
- Extremely Low (30%)
- $17,900
- Very Low (50%)
- $29,800
- Low (80%)
- $47,700
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,550
- Low (80%)
- $53,650
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,250
- Low (80%)
- $59,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,250
- Low (80%)
- $64,400
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,250
- Low (80%)
- $69,150
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,200
- Low (80%)
- $73,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,200
- Low (80%)
- $78,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,650 | $26,100 | $41,750 |
| 2 Persons | $17,900 | $29,800 | $47,700 |
| 3 Persons | $21,960 | $33,550 | $53,650 |
| 4 Persons | $26,500 | $37,250 | $59,600 |
| 5 Persons | $31,040 | $40,250 | $64,400 |
| 6 Persons | $35,580 | $43,250 | $69,150 |
| 7 Persons | $40,120 | $46,200 | $73,950 |
| 8 Persons | $44,660 | $49,200 | $78,700 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Deer River, MN?+
The Fair Market Rent (FMR) for Itasca County, MN is: $811 (Studio), $817 (1BR), $1059 (2BR), $1280 (3BR), $1431 (4BR). Actual rent at subsidized properties like Timberwolf Townhomes is typically 30% of household income or less.
What size apartments are available at Timberwolf Townhomes?+
Timberwolf Townhomes offers the following unit types: 14 Two-Bedroom, 6 Three-Bedroom units, for a total of 20 units.
How do I apply for housing at Timberwolf Townhomes?+
Timberwolf 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 Timberwolf Townhomes?+
Timberwolf Townhomes is managed by . You can reach them at .
What are the income limits for affordable housing in Itasca County, MN?+
For a 4-person household in Itasca County, MN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,250, Low Income (80% AMI): $59,600. These limits are set by HUD and updated annually.
What is the price range for apartments in Deer River, MN?+
Based on Fair Market Rent for Itasca County, the estimated price range is: 2-bedroom: $1059, 3-bedroom: $1280. Actual rent at Timberwolf Townhomes may be lower for income-eligible households.
Walk Score
Almost All Errands Require a Car