About This Property
Prairie Villa I offers 12 low-income rental units in Blooming Prairie, Minnesota. The property was placed in service in 1999 and contains six 2-bedroom units and six 3-bedroom units. Professional management oversees the community's operations.
Property Details
Fair Market Rent - Steele 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 | $808 |
| 1 Bedroom | $814 |
| 2 Bedroom | $1,061 |
| 3 Bedroom | $1,495 |
| 4 Bedroom | $1,801 |
Income Limits - Steele County, MN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,600
- Very Low (50%)
- $29,300
- Low (80%)
- $46,850
- Extremely Low (30%)
- $20,100
- Very Low (50%)
- $33,450
- Low (80%)
- $53,550
- Extremely Low (30%)
- $22,600
- Very Low (50%)
- $37,650
- Low (80%)
- $60,250
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $41,800
- Low (80%)
- $66,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $45,150
- Low (80%)
- $72,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $48,500
- Low (80%)
- $77,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $51,850
- Low (80%)
- $83,000
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $55,200
- Low (80%)
- $88,350
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,600 | $29,300 | $46,850 |
| 2 Persons | $20,100 | $33,450 | $53,550 |
| 3 Persons | $22,600 | $37,650 | $60,250 |
| 4 Persons | $26,500 | $41,800 | $66,900 |
| 5 Persons | $31,040 | $45,150 | $72,300 |
| 6 Persons | $35,580 | $48,500 | $77,650 |
| 7 Persons | $40,120 | $51,850 | $83,000 |
| 8 Persons | $44,660 | $55,200 | $88,350 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Blooming Prairie, MN?+
The Fair Market Rent (FMR) for Steele County, MN is: $808 (Studio), $814 (1BR), $1061 (2BR), $1495 (3BR), $1801 (4BR). Actual rent at subsidized properties like Prairie Villa I is typically 30% of household income or less.
What size apartments are available at Prairie Villa I?+
Prairie Villa I offers the following unit types: 6 Two-Bedroom, 6 Three-Bedroom units, for a total of 12 units.
What are the income limits for affordable housing in Steele County, MN?+
For a 4-person household in Steele County, MN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $41,800, Low Income (80% AMI): $66,900. These limits are set by HUD and updated annually.
What is the price range for apartments in Blooming Prairie, MN?+
Based on Fair Market Rent for Steele County, the estimated price range is: 2-bedroom: $1061, 3-bedroom: $1495. Actual rent at Prairie Villa I may be lower for income-eligible households.
Who manages Prairie Villa I?+
Prairie Villa I is managed by . You can reach them at .
How do I apply for housing at Prairie Villa I?+
Prairie Villa I 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.
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