About This Property
Charter Oak Townhomes provides 60 low-income units in Stillwater, Minnesota, with a mix of one to four-bedroom floor plans serving homeless populations. The property, placed in service in 2012, consists of 3 one-bedroom, 35 two-bedroom, 19 three-bedroom, and 3 four-bedroom units and operates under 9% Low-Income Housing Tax Credit financing. This non-profit owned community receives Community Development Block Grant funding and operates under affordable housing restrictions.
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Washington 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 | $1,174 |
| 1 Bedroom | $1,327 |
| 2 Bedroom | $1,622 |
| 3 Bedroom | $2,188 |
| 4 Bedroom | $2,478 |
Income Limits - Washington County, MN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $22,050
- Very Low (50%)
- $36,750
- Low (80%)
- $55,950
- Extremely Low (30%)
- $25,200
- Very Low (50%)
- $42,000
- Low (80%)
- $63,950
- Extremely Low (30%)
- $28,350
- Very Low (50%)
- $47,250
- Low (80%)
- $71,950
- Extremely Low (30%)
- $31,450
- Very Low (50%)
- $52,450
- Low (80%)
- $79,900
- Extremely Low (30%)
- $34,000
- Very Low (50%)
- $56,650
- Low (80%)
- $86,300
- Extremely Low (30%)
- $36,500
- Very Low (50%)
- $60,850
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $65,050
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $69,250
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $22,050 | $36,750 | $55,950 |
| 2 Persons | $25,200 | $42,000 | $63,950 |
| 3 Persons | $28,350 | $47,250 | $71,950 |
| 4 Persons | $31,450 | $52,450 | $79,900 |
| 5 Persons | $34,000 | $56,650 | $86,300 |
| 6 Persons | $36,500 | $60,850 | $92,700 |
| 7 Persons | $40,120 | $65,050 | $99,100 |
| 8 Persons | $44,660 | $69,250 | $105,500 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Stillwater, MN?+
The Fair Market Rent (FMR) for Washington County, MN is: $1174 (Studio), $1327 (1BR), $1622 (2BR), $2188 (3BR), $2478 (4BR). Actual rent at subsidized properties like Charter Oak Townhomes is typically 30% of household income or less.
What size apartments are available at Charter Oak Townhomes?+
Charter Oak Townhomes offers the following unit types: 3 One-Bedroom, 35 Two-Bedroom, 19 Three-Bedroom, 3 Four-Bedroom units, for a total of 60 units.
Who manages Charter Oak Townhomes?+
Charter Oak Townhomes is managed by . You can reach them at .
What are the income limits for affordable housing in Washington County, MN?+
For a 4-person household in Washington County, MN, the income limits are: Extremely Low Income (30% AMI): $31,450, Very Low Income (50% AMI): $52,450, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
How do I apply for housing at Charter Oak Townhomes?+
Charter Oak 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.
What is the HUD inspection score for Charter Oak Townhomes?+
Charter Oak Townhomes 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 is eligible to live at Charter Oak Townhomes?+
Charter Oak Townhomes primarily serves formerly homeless individuals. 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 Stillwater, MN?+
Based on Fair Market Rent for Washington County, the estimated price range is: 1-bedroom: $1327, 2-bedroom: $1622, 3-bedroom: $2188. Actual rent at Charter Oak Townhomes may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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