About This Property
Grace Village is a 12-unit affordable housing community in Hankinson, North Dakota that has served low-income residents since 1998. The property offers a mix of floor plans including five 1-bedroom units, six 2-bedroom units, and one 3-bedroom unit. The development utilizes 4% Low-Income Housing Tax Credits (LIHTC) to support its affordability.
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 Hankinson, 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 Grace Village is typically 30% of household income or less.
What size apartments are available at Grace Village?+
Grace Village offers the following unit types: 5 One-Bedroom, 6 Two-Bedroom, 1 Three-Bedroom units, for a total of 12 units.
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 Grace Village?+
Grace Village is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Hankinson, ND?+
Based on Fair Market Rent for Richland County, the estimated price range is: 1-bedroom: $654, 2-bedroom: $859, 3-bedroom: $1211. Actual rent at Grace Village may be lower for income-eligible households.
How do I apply for housing at Grace Village?+
Grace Village 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.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.