About This Property
Country Terrace Apartments offers 24 units in Motley, Minnesota, with 23 designated as low-income housing. The property contains 18 two-bedroom and 6 three-bedroom units and has been in service since 1994. This Morrison County property is managed as an affordable housing community.
Property Details
Fair Market Rent - Morrison 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 | $699 |
| 1 Bedroom | $712 |
| 2 Bedroom | $929 |
| 3 Bedroom | $1,309 |
| 4 Bedroom | $1,438 |
Income Limits - Morrison 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 Motley, MN?+
The Fair Market Rent (FMR) for Morrison County, MN is: $699 (Studio), $712 (1BR), $929 (2BR), $1309 (3BR), $1438 (4BR). Actual rent at subsidized properties like Country Terrace Apartments is typically 30% of household income or less.
What size apartments are available at Country Terrace Apartments?+
Country Terrace Apartments offers the following unit types: 18 Two-Bedroom, 6 Three-Bedroom units, for a total of 24 units.
What are the income limits for affordable housing in Morrison County, MN?+
For a 4-person household in Morrison 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 Motley, MN?+
Based on Fair Market Rent for Morrison County, the estimated price range is: 2-bedroom: $929, 3-bedroom: $1309. Actual rent at Country Terrace Apartments may be lower for income-eligible households.
Who manages Country Terrace Apartments?+
Country Terrace Apartments is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Country Terrace Apartments?+
Country Terrace Apartments 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.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.