2024	Median Family Income	2024 Yearly Income Limit	2024 Yearly Income Limit - Person(s) in Family
Income Limits		Category	1	2	3	4	5
Freeborn County, MN	$86,500	Very Low Income (50%)	$32,100	$36,650	$41,250	$45,800	$49,500
Extremely Low Income (30%)	$19,250	$22,000	$25,820	$31,200	$36,580
Low Income (80%)	$51,350	$58,650	$66,000	$73,300	$79,200

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HUD Housing Low Income Tax Credit (LIHTC) Properties In Albert Lea, MN

Listed below are the Section 42, LIHTC apartments in Albert Lea, MN. LIHTC apartment rents are not based on the tenants income. Income credit set aside brackets are selected during the apartment credit applications are used to determine the apartment rents.

The rents are based upon the Area Medium Income (AMI) and tenant based utility allowances. At least 20% of these apartments (listed below), must provide these low rates for low-income tenants.

HUD housing LIHTC Eligibility Requirements

Income: Households must earn below a certain income level, which is set by the HUD and varies by location. In general, households must earn below 60% of the area median income (AMI) to be eligible for LIHTC housing.
Citizenship or residency status: Households must be U.S. citizens or legal permanent residents.
Need for housing assistance: Households must have a demonstrated need for housing assistance. This means that they must be unable to afford housing on their own.

In addition to the above requirements, some LIHTC properties may have additional eligibility requirements, such as age restrictions or preferences for certain types of households (e.g., families with children, veterans, etc.).

To determine if you are eligible for LIHTC housing, you can contact your local housing authority (listed above) or search for LIHTC properties (listed below).

LIHTC Maximum Rents

The maximum allowable rents are equal to 30% of the Area Medium Income (AMI), less the utility allowances.

HUD Fair Market Rents for Albert Lea, MN Freeborn County

Apartment Size	HUD's Monthly Fair Market Rent For Area	LIHTC Maximum Rent
Studio Apartments	$659	Estimated $197.70 - utility allowance
One Bedroom Apartments	$740	Estimated $222.00 - utility allowance
Two Bedroom Apartments	$972	Estimated $291.60 - utility allowance
Three Bedroom Apartments	$1239	Estimated $371.70 - utility allowance

Available LIHTC Properties In Albert Lea, MN

Using the table above you can estimate what you would be paying by checking the LIHTC Maximum Rent section.

Contact these properties for openings and wait lists and price lists.

Northbridge Apartments

802 Troy Rd
Albert Lea, MN - 56007
Total Apartment Units: 48
Total Apartment Low Income Apartments: 48
Years In Service Since: 1990

Gray Gables Apartments

Multiple Building Addresses
Albert Lea, MN - 56007
Total Apartment Units: 45
Total Apartment Low Income Apartments: 45
1 Bedroom apartments 8
2 Bedroom apartments 26
3 Bedroom apartments 14
Years In Service Since: 1996

Pickerel Park Townhomes

Multiple Building Addresses
Albert Lea, MN - 56007
Total Apartment Units: 24
Total Apartment Low Income Apartments: 24
2 Bedroom apartments 12
3 Bedroom apartments 12
Years In Service Since: 2001

The Lofts At Lea Center

139 Williams E
Albert Lea, MN - 56007
Total Apartment Units: 37
Total Apartment Low Income Apartments: 37
1 Bedroom apartments 22
2 Bedroom apartments 15
Years In Service Since: 2006
Family Apartments: YES
Senior Apartments: YES
Disabled Apartments: YES
Accepts Homeless: YES

Trailside Apartments

Multiple Building Addresses
Albert Lea, MN - 56007
Total Apartment Units: 110
Total Apartment Low Income Apartments: 110
1 Bedroom apartments 55
2 Bedroom apartments 43
3 Bedroom apartments 12
Years In Service Since: 2007
Family Apartments: YES
Senior Apartments: YES

HUD Housing Section 8 and Multifamily Properties in Albert Lea, MN

The US Department of Housing and Urban Development provides active listings of Section 8 and Multifamily apartments. We have listed them below for you to contact. Check with them to see if they have current availabilities and/or waiting lists. With Section 8 properties, you will need a voucher. Contact the Freeborn County Public Housing Authorities, listed at the top of this page.

Eligibility for HUD Housing Section 8, you must meet the following requirements:

Income: Your income must be below a certain level, which is set by the HUD and varies by location. In general, households must earn below 50% of the area median income (AMI) to be eligible for Section 8 housing.
Citizenship or residency status: You must be a U.S. citizen or legal permanent resident.
Need for housing assistance: You must have a demonstrated need for housing assistance. This means that you must be unable to afford housing on your own.

In addition to the above requirements, some Section 8 programs may have additional eligibility requirements, such as age restrictions or preferences for certain types of households (e.g., families with children, veterans, etc.).

To determine if you are eligible for Section 8 housing, you can contact your local Public Housing Authority (listed above). The Public Housing Authorities can provide you with information on the application process and help you determine if you are eligible for Section 8 assistance.

Tips To Get In To Section 8 Housing:

Local Rules: Each local housing authority has different rules around Section 8. Decide where you want to live and find the housing authorities in charge of those neighborhoods.
Applying for a Voucher: Contact your local Public Housing Agency (PHA) to apply for a voucher. They can tell you if they’re currently accepting new applicants and provide application details.
Payment Standards: Section 8 doesn’t specify a fixed dollar amount for rent assistance. Instead, the PHA sets a payment standard based on local housing market rates.

Albert Lea Senior Housing

608 Washington Ave. So
Albert Lea, MN - 56007
Phone: 651-645-7271
Total Apartment Units: 23
Type of Listing: 202/811

Section 202 Supportive Housing for the Elderly Program
Occupancy in Section 202 housing is open to any very low-income household comprised of at least one person who is at least 62 years old at the time of initial occupancy.
Section 811 - Supportive Housing for Persons with Disabilities
The Section 811 program allows persons with disabilities to live as independently as possible in the community by subsidizing rental housing

Senior Court-senior Tower

915 Maplehill Dr
Albert Lea, MN - 56007
Phone: 507-373-5391 12/99
Total Apartment Units: 152
Type of Listing: Insured-Subsidized

Trailside Apartments Aka Channel View

204 E Front St
Albert Lea, MN - 56007
Phone: 507-373-5533
Total Apartment Units: 110
Type of Listing: Subsidized, No HUD Financing

Qualifying For HUD Housing Section 8 Vouchers In Albert Lea, MN

HUD Housing eligibility is determined by the Freeborn County Public Housing Authority.

HUD Income Limits 2024 in Albert Lea, MN.