About This Property
Riverside Terrace comprises 66 one-bedroom units designated for low-income elderly residents in Thief River Falls, Minnesota. The property has been in service since 2012 and is located in Pennington County. All units serve the senior population requiring affordable housing options.
Waitlist Information
Waitlist managed by Thief River Falls Housing & Redevelopment Aut
The Public Housing waiting list is currently accepting pre-applications for senior/disabled households and does not offer public housing for families. It has 76 one-bedroom units for one or two person families, with a preference for elderly applicants.
Eligibility depends on income and household size; a family of four in Pennington County, MN, must have an annual income at or below $53,100 to qualify as Very Low Income for FY2025.
Waitlist data provided by section8waitlist.org
Updated June 18, 2026
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Pennington 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 | $746 |
| 1 Bedroom | $837 |
| 2 Bedroom | $1,100 |
| 3 Bedroom | $1,399 |
| 4 Bedroom | $1,590 |
Income Limits - Pennington County, MN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,150
- Very Low (50%)
- $26,950
- Low (80%)
- $43,050
- Extremely Low (30%)
- $18,450
- Very Low (50%)
- $30,800
- Low (80%)
- $49,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,650
- Low (80%)
- $55,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,450
- Low (80%)
- $61,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,550
- Low (80%)
- $66,450
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,650
- Low (80%)
- $71,350
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,700
- Low (80%)
- $76,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,800
- Low (80%)
- $81,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,150 | $26,950 | $43,050 |
| 2 Persons | $18,450 | $30,800 | $49,200 |
| 3 Persons | $21,960 | $34,650 | $55,350 |
| 4 Persons | $26,500 | $38,450 | $61,500 |
| 5 Persons | $31,040 | $41,550 | $66,450 |
| 6 Persons | $35,580 | $44,650 | $71,350 |
| 7 Persons | $40,120 | $47,700 | $76,300 |
| 8 Persons | $44,660 | $50,800 | $81,200 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Thief River Falls, MN?+
The Fair Market Rent (FMR) for Pennington County, MN is: $746 (Studio), $837 (1BR), $1100 (2BR), $1399 (3BR), $1590 (4BR). Actual rent at subsidized properties like Riverside Terrace is typically 30% of household income or less.
What size apartments are available at Riverside Terrace?+
Riverside Terrace offers the following unit types: 66 One-Bedroom units, for a total of 66 units.
What is the price range for apartments in Thief River Falls, MN?+
Based on Fair Market Rent for Pennington County, the estimated price range is: 1-bedroom: $837. Actual rent at Riverside Terrace may be lower for income-eligible households.
Is there a waitlist for Riverside Terrace?+
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.
How do I apply for housing at Riverside Terrace?+
Riverside Terrace 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 are the income limits for affordable housing in Pennington County, MN?+
For a 4-person household in Pennington County, MN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,450, Low Income (80% AMI): $61,500. These limits are set by HUD and updated annually.
Who is eligible to live at Riverside Terrace?+
Riverside Terrace primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the HUD inspection score for Riverside Terrace?+
Riverside Terrace has a HUD inspection score of 86 out of 100, which is considered good. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
Who manages Riverside Terrace?+
Riverside Terrace is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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