Low Income (LIHTC)Waitlist Open

Spring Court

MULTIPLE BUILDING ADDRESSES, Faribault, MN, 55021

Information verified November 4, 2026·We re-check waiting list status daily

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About This Property

Spring Court contains 24 units designated as low-income housing in Faribault, Minnesota. The property was placed in service in 1993 and serves residents in Rice County.

Waitlist Information

Waitlist managed by Rice County Housing and Redevelopment Authority

Public Housing Waitlist

Open

Opened October 8, 2023

Apply: Multiple

Offers subsidized 2, 3, and 4-bedroom units. Preferences are given to applicants who reside, work, or attend school in Rice County and are very low-income families of 2 or more persons (under 50% AMI).

Last verified September 28, 2026

Section 8 (HCV) Waitlist

Closed

Opened April 29, 2022

Closed June 25, 2022

Apply: Online

The waiting list is currently closed. When previously open, applications were accepted online from people who live or work in Rice County and meet income eligibility requirements, with only one application per household.

Last verified September 28, 2026

Waitlist data provided by section8waitlist.org

Updated November 4, 2026

Property Details

Total Units

Fair Market Rent - Rice 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	$913
1 Bedroom	$918
2 Bedroom	$1,206
3 Bedroom	$1,634
4 Bedroom	$1,932

Income Limits - Rice County, MN

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $18,200
Very Low (50%): $30,300
Low (80%): $48,450

2 Persons

Extremely Low (30%): $20,800
Very Low (50%): $34,600
Low (80%): $55,350

3 Persons

Extremely Low (30%): $23,400
Very Low (50%): $38,950
Low (80%): $62,250

4 Persons

Extremely Low (30%): $26,500
Very Low (50%): $43,250
Low (80%): $69,150

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $46,750
Low (80%): $74,700

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $50,200
Low (80%): $80,250

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $53,650
Low (80%): $85,750

8 Persons

Extremely Low (30%): $44,660
Very Low (50%): $57,100
Low (80%): $91,300

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$18,200	$30,300	$48,450
2 Persons	$20,800	$34,600	$55,350
3 Persons	$23,400	$38,950	$62,250
4 Persons	$26,500	$43,250	$69,150
5 Persons	$31,040	$46,750	$74,700
6 Persons	$35,580	$50,200	$80,250
7 Persons	$40,120	$53,650	$85,750
8 Persons	$44,660	$57,100	$91,300

Tax Credit Program Details

Year Placed in Service

1993

Low-Income Units

24 / 24

Frequently Asked Questions

What is the average rent for affordable housing in Faribault, MN?+

The Fair Market Rent (FMR) for Rice County, MN is: $913 (Studio), $918 (1BR), $1206 (2BR), $1634 (3BR), $1932 (4BR). Actual rent at subsidized properties like Spring Court is typically 30% of household income or less.

What are the income limits for affordable housing in Rice County, MN?+

For a 4-person household in Rice County, MN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $43,250, Low Income (80% AMI): $69,150. These limits are set by HUD and updated annually.

Is there a waitlist for Spring Court?+

Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.

Who manages Spring Court?+

Spring Court is managed by . You can reach them at .

How do I apply for housing at Spring Court?+

Spring Court 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.

Begin Application Now