About This Property
Summerplace is an eight-unit affordable housing community in New York Mills, Minnesota, featuring five two-bedroom and three three-bedroom units. The property has been in service since 1995 and is financed through a 9% Low-Income Housing Tax Credit allocation. All eight units serve low-income households.
Property Details
Fair Market Rent - Otter Tail 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 | $640 |
| 1 Bedroom | $718 |
| 2 Bedroom | $944 |
| 3 Bedroom | $1,289 |
| 4 Bedroom | $1,395 |
Income Limits - Otter Tail 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in New York Mills, MN?+
The Fair Market Rent (FMR) for Otter Tail County, MN is: $640 (Studio), $718 (1BR), $944 (2BR), $1289 (3BR), $1395 (4BR). Actual rent at subsidized properties like Summerplace is typically 30% of household income or less.
What size apartments are available at Summerplace?+
Summerplace offers the following unit types: 5 Two-Bedroom, 3 Three-Bedroom units, for a total of 8 units.
What are the income limits for affordable housing in Otter Tail County, MN?+
For a 4-person household in Otter Tail 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 New York Mills, MN?+
Based on Fair Market Rent for Otter Tail County, the estimated price range is: 2-bedroom: $944, 3-bedroom: $1289. Actual rent at Summerplace may be lower for income-eligible households.
Who manages Summerplace?+
Summerplace is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Summerplace?+
Summerplace 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
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
