About This Property
Spring Creek Townhomes is a 28-unit affordable housing community in Northfield that serves families and disabled individuals through low-income housing tax credits. The community offers a mix of two, three, and four-bedroom townhomes, with 20 three-bedroom units comprising the majority of the available floor plans. Placed in service in 2013 and operated by a non-profit owner, the property provides long-term affordable housing options in Rice County.
Property Details
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.
- Extremely Low (30%)
- $18,200
- Very Low (50%)
- $30,300
- Low (80%)
- $48,450
- Extremely Low (30%)
- $20,800
- Very Low (50%)
- $34,600
- Low (80%)
- $55,350
- Extremely Low (30%)
- $23,400
- Very Low (50%)
- $38,950
- Low (80%)
- $62,250
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $43,250
- Low (80%)
- $69,150
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $46,750
- Low (80%)
- $74,700
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $50,200
- Low (80%)
- $80,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $53,650
- Low (80%)
- $85,750
- 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Northfield, 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 Creek Townhomes is typically 30% of household income or less.
What size apartments are available at Spring Creek Townhomes?+
Spring Creek Townhomes offers the following unit types: 4 Two-Bedroom, 20 Three-Bedroom, 4 Four-Bedroom units, for a total of 28 units.
How do I apply for housing at Spring Creek Townhomes?+
Spring Creek Townhomes 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.
Who manages Spring Creek Townhomes?+
Spring Creek Townhomes is managed by . You can reach them at .
Who is eligible to live at Spring Creek Townhomes?+
Spring Creek Townhomes primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Northfield, MN?+
Based on Fair Market Rent for Rice County, the estimated price range is: 2-bedroom: $1206, 3-bedroom: $1634. Actual rent at Spring Creek Townhomes may be lower for income-eligible households.
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.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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