Trailside Apartments

204 E Front St, Albert Lea, MN 56007

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Ric Gresia, Joshua Cappell
Rent Beds Baths SqFt
Call for Rents Floorplan Info Upon Request - -
check_circle  Project-Based Rental Assistance

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

Dave's Thoughts On Trailside Apartments

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Trailside Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for Trailside Apartments

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people 5 people 6 people 7 people 8 people
50% AMI for LIHTC Units $30,900 / year $35,300 / year $39,700 / year $44,100 / year $47,650 / year $51,200 / year $54,700 / year $58,250 / year
50% AMI for PBRA Units $30,900 / year $35,300 / year $39,700 / year $44,100 / year $47,650 / year $51,200 / year $54,700 / year $58,250 / year
60% AMI for LIHTC Units $37,080 / year $42,360 / year $47,640 / year $52,920 / year $57,180 / year $61,440 / year $65,640 / year $69,900 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Trailside Apartments

Does Trailside Apartments have a waiting list?

Trailside Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Trailside Apartments ?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges Trailside Apartments ?

Trailside Apartments is managed by Lloyd Management headquartered in Mankato, Minnesota.

In addition to Trailside Apartments , how many other affordable housing properties (and units) are there in Albert Lea?

In addition to Trailside Apartments , we list 12 other affordable properties in Albert Lea. Learn about these properties here. Our data research shows that there are a total of 703 affordable units in Albert Lea.

When was the Trailside Apartments listing last updated?

Trailside Apartments listing on Affordable Housing Online was last updated on 01/03/2023 by Ric Gresia. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Trailside Apartments

Northbridge Apartments

802 Troy Rd, Albert Lea, Minnesota 56007

bed 2-3
payment $590-605/mo.
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Senior Court Apartments

915 Maplehill Dr, Albert Lea, Minnesota 56007

payment Subsidized

Senior Tower Apartments

905 Maplehill Dr, Albert Lea, Minnesota 56007

Albert Lea Senior Housing

608 S Washington Ave, Albert Lea, Minnesota 56007

payment Subsidized
elderly Senior
accessibility Accessible

A-Lea Apartments

909 Janson St, Albert Lea, Minnesota 56007

bed 1
payment $625/mo.

816 St Thomas Ave

816 St Thomas Ave, Albert Lea, Minnesota 56007

bed 1
payment $725/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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