About This Property
Prairie Park Apts consists of 8 low-income rental units in Fairmount, North Dakota, with a mix of five 2-bedroom and three 3-bedroom apartments. The property was placed in service in 1999 and receives 9% Low-Income Housing Tax Credit financing. The complex provides affordable housing options for eligible households in Richland County.
Property Details
Fair Market Rent - Richland County, ND
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $649 |
| 1 Bedroom | $654 |
| 2 Bedroom | $859 |
| 3 Bedroom | $1,211 |
| 4 Bedroom | $1,382 |
Income Limits - Richland County, ND
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,050
- Very Low (50%)
- $30,050
- Low (80%)
- $48,100
- Extremely Low (30%)
- $20,600
- Very Low (50%)
- $34,350
- Low (80%)
- $54,950
- Extremely Low (30%)
- $23,200
- Very Low (50%)
- $38,650
- Low (80%)
- $61,800
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,900
- Low (80%)
- $68,650
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $46,350
- Low (80%)
- $74,150
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $49,800
- Low (80%)
- $79,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $53,200
- Low (80%)
- $85,150
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $56,650
- Low (80%)
- $90,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,050 | $30,050 | $48,100 |
| 2 Persons | $20,600 | $34,350 | $54,950 |
| 3 Persons | $23,200 | $38,650 | $61,800 |
| 4 Persons | $26,500 | $42,900 | $68,650 |
| 5 Persons | $31,040 | $46,350 | $74,150 |
| 6 Persons | $35,580 | $49,800 | $79,650 |
| 7 Persons | $40,120 | $53,200 | $85,150 |
| 8 Persons | $44,660 | $56,650 | $90,650 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Fairmount, ND?+
The Fair Market Rent (FMR) for Richland County, ND is: $649 (Studio), $654 (1BR), $859 (2BR), $1211 (3BR), $1382 (4BR). Actual rent at subsidized properties like Prairie Park Apts is typically 30% of household income or less.
What size apartments are available at Prairie Park Apts?+
Prairie Park Apts offers the following unit types: 5 Two-Bedroom, 3 Three-Bedroom units, for a total of 8 units.
How do I apply for housing at Prairie Park Apts?+
Prairie Park Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, 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 price range for apartments in Fairmount, ND?+
Based on Fair Market Rent for Richland County, the estimated price range is: 2-bedroom: $859, 3-bedroom: $1211. Actual rent at Prairie Park Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Richland County, ND?+
For a 4-person household in Richland County, ND, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,900, Low Income (80% AMI): $68,650. These limits are set by HUD and updated annually.
Who manages Prairie Park Apts?+
Prairie Park Apts is managed by . You can reach them at . Visit their website for more information.