2024	Median Family Income	2024 Yearly Income Limit	2024 Yearly Income Limit - Person(s) in Family
Income Limits		Category	1	2	3	4	5
Sherburne County, MN	$124,200	Very Low Income (50%)	$43,500	$49,700	$55,900	$62,100	$67,100
Extremely Low Income (30%)	$26,100	$29,800	$33,550	$37,250	$40,250
Low Income (80%)	$68,500	$78,250	$88,050	$97,800	$105,650

Need Help? Let Us Know

HUD Housing Low Income Tax Credit (LIHTC) Properties In Elk River, MN

Listed below are the Section 42, LIHTC apartments in Elk River, 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 Elk River, MN Sherburne County

Apartment Size	HUD's Monthly Fair Market Rent For Area	LIHTC Maximum Rent
Studio Apartments	$1174	Estimated $352.20 - utility allowance
One Bedroom Apartments	$1327	Estimated $398.10 - utility allowance
Two Bedroom Apartments	$1622	Estimated $486.60 - utility allowance
Three Bedroom Apartments	$2188	Estimated $656.40 - utility allowance

Available LIHTC Properties In Elk River, 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.

Elk Ridge Manor

847 Freeport Ave Nw
Elk River, MN - 55330
Total Apartment Units: 40
Total Apartment Low Income Apartments: 40
Years In Service Since: 1987

Auburn Place Apartments

631 Auburn Pl Nw
Elk River, MN - 55330
Total Apartment Units: 24
Total Apartment Low Income Apartments: 24
Years In Service Since: 1990

Elk Terrace

385 Holt Ave
Elk River, MN - 55330
Total Apartment Units: 23
Total Apartment Low Income Apartments: 23
Years In Service Since: 1993

Jackson Place Apartments

300 Jackson St Nw
Elk River, MN - 55330
Total Apartment Units: 32
Total Apartment Low Income Apartments: 32
1 Bedroom apartments 16
2 Bedroom apartments 16
Years In Service Since: 2007
Family Apartments: YES
Disabled Apartments: YES
Accepts Homeless: YES

Dove Terrace Apartments

1227 School St
Elk River, MN - 55330
Total Apartment Units: 50
Total Apartment Low Income Apartments: 50
1 Bedroom apartments 3
2 Bedroom apartments 35
3 Bedroom apartments 12
Years In Service Since: 2008
Family Apartments: YES

Dove Tree Apartments

1105 Lions Park Dr Nw
Elk River, MN - 55330
Total Apartment Units: 68
Total Apartment Low Income Apartments: 68
1 Bedroom apartments 16
2 Bedroom apartments 34
3 Bedroom apartments 17
Years In Service Since: 2011

The Depot At Elk River Station

Xxxxx 172nd Ave Nw
Elk River, MN - 55330
Total Apartment Units: 53
Total Apartment Low Income Apartments: 53
1 Bedroom apartments 11
2 Bedroom apartments 26
3 Bedroom apartments 16
Years In Service Since: 2012
Family Apartments: YES
Senior Apartments: YES
Disabled Apartments: YES
Accepts Homeless: YES

Coachman Ridge Apartments

17250 Twin Lake Rd
Elk River, MN - 55330
Total Apartment Units: 53
Total Apartment Low Income Apartments: 53
1 Bedroom apartments 10
2 Bedroom apartments 26
Years In Service Since: 2015
Family Apartments: YES
Disabled Apartments: YES
Accepts Homeless: YES

HUD Housing Section 8 and Multifamily Properties in Elk River, 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 Sherburne 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.

Lanesboro Heights

11774 Highland Rd
Elk River, MN - 55330
Phone: 763-441-2642
Total Apartment Units: 30
Type of Listing: Subsidized, No HUD Financing

Guardian Angels Homes, Inc.

350 Evans Ave
Elk River, MN - 55330
Phone: 612-241-4430 12/99
Total Apartment Units: 103
Type of Listing: Insured-Subsidized

Angel Ridge, Inc.

280 Evans Ave Nw
Elk River, MN - 55330
Phone: 763-241-4430 04/00
Total Apartment Units: 53
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

Qualifying For HUD Housing Section 8 Vouchers In Elk River, MN

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

HUD Income Limits 2024 in Elk River, MN.