About This Property
Grande Apartments contains 8 two-bedroom units designated for low-income residents in Olivia, Minnesota. The property has been in service since 2004 and is situated in Renville County. All units serve affordable housing needs within the community.
Property Details
Fair Market Rent - Renville 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 | $738 |
| 1 Bedroom | $742 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,275 |
| 4 Bedroom | $1,488 |
Income Limits - Renville County, MN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,750
- Very Low (50%)
- $26,200
- Low (80%)
- $41,900
- Extremely Low (30%)
- $18,000
- Very Low (50%)
- $29,950
- Low (80%)
- $47,900
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,700
- Low (80%)
- $53,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,400
- Low (80%)
- $59,850
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,400
- Low (80%)
- $64,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,400
- Low (80%)
- $69,450
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,400
- Low (80%)
- $74,250
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,400
- Low (80%)
- $79,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,750 | $26,200 | $41,900 |
| 2 Persons | $18,000 | $29,950 | $47,900 |
| 3 Persons | $21,960 | $33,700 | $53,900 |
| 4 Persons | $26,500 | $37,400 | $59,850 |
| 5 Persons | $31,040 | $40,400 | $64,650 |
| 6 Persons | $35,580 | $43,400 | $69,450 |
| 7 Persons | $40,120 | $46,400 | $74,250 |
| 8 Persons | $44,660 | $49,400 | $79,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Olivia, MN?+
The Fair Market Rent (FMR) for Renville County, MN is: $738 (Studio), $742 (1BR), $905 (2BR), $1275 (3BR), $1488 (4BR). Actual rent at subsidized properties like Grande Apartments (Fka Hiens Apts.) is typically 30% of household income or less.
What size apartments are available at Grande Apartments (Fka Hiens Apts.)?+
Grande Apartments (Fka Hiens Apts.) offers the following unit types: 8 Two-Bedroom units, for a total of 8 units.
What is the price range for apartments in Olivia, MN?+
Based on Fair Market Rent for Renville County, the estimated price range is: 2-bedroom: $905. Actual rent at Grande Apartments (Fka Hiens Apts.) may be lower for income-eligible households.
What are the income limits for affordable housing in Renville County, MN?+
For a 4-person household in Renville County, MN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,400, Low Income (80% AMI): $59,850. These limits are set by HUD and updated annually.
Who manages Grande Apartments (Fka Hiens Apts.)?+
Grande Apartments (Fka Hiens Apts.) is managed by . You can reach them at .
How do I apply for housing at Grande Apartments (Fka Hiens Apts.)?+
Grande Apartments (Fka Hiens Apts.) 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.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.