About This Property
The Bois Forte Tax Credit 1 Project comprises 20 low-income residential units in Nett Lake, Minnesota. The property has been in service since 2001 and offers a unit mix of 2 two-bedroom, 12 three-bedroom, and 4 four-bedroom apartments.
Property Details
Fair Market Rent - Koochiching 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 | $613 |
| 1 Bedroom | $689 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,141 |
| 4 Bedroom | $1,309 |
Income Limits - Koochiching 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 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Nett Lake, MN?+
The Fair Market Rent (FMR) for Koochiching County, MN is: $613 (Studio), $689 (1BR), $905 (2BR), $1141 (3BR), $1309 (4BR). Actual rent at subsidized properties like Bois Forte Tax Credit 1 Project is typically 30% of household income or less.
What size apartments are available at Bois Forte Tax Credit 1 Project?+
Bois Forte Tax Credit 1 Project offers the following unit types: 2 Two-Bedroom, 12 Three-Bedroom, 4 Four-Bedroom units, for a total of 20 units.
What are the income limits for affordable housing in Koochiching County, MN?+
For a 4-person household in Koochiching 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.
How do I apply for housing at Bois Forte Tax Credit 1 Project?+
Bois Forte Tax Credit 1 Project 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 Nett Lake, MN?+
Based on Fair Market Rent for Koochiching County, the estimated price range is: 2-bedroom: $905, 3-bedroom: $1141. Actual rent at Bois Forte Tax Credit 1 Project may be lower for income-eligible households.
Who manages Bois Forte Tax Credit 1 Project?+
Bois Forte Tax Credit 1 Project is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
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