Affordable Housing In Austin
Mower County, Minnesota

8 Low Income Apartment Communities In Austin

Fox Pointe Townhomes

824 23rd Ave NW
Austin, MN
$619-782
2-4 BR
HCV Welcome

Whittier Place Townhomes

414 4th St SE
Austin, MN
$685-755
2-3 BR
HCV Welcome

Murphy's Creek Townhomes

504 25th Ave NW
Austin, MN
$745-845
2-3 BR
HCV Welcome

Bremerton Townhomes

300 27th St SW
Austin, MN
Subsidized

Western Manor Apartments

301 27th St SW
Austin, MN
Subsidized

Twin Towers

200 1st Ave NE
Austin, MN

Pickett Place

808 1st Dr NW
Austin, MN

Scattered Sites

1002 15th Ave NE
Austin, MN
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Housing Authorities that serve Austin

Housing Authority Programs
Housing and Redevelopment Authority of Austin Section 8 Housing Choice Voucher (HCV); Public Housing
Mower County Housing and Redevelopment Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Austin, Minnesota

There are 8 low income housing apartment communities offering 593 affordable apartments for rent in Austin, Minnesota. Austin features 493 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 100 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Austin.

Sourced from federal housing data and AffordableHousingOnline.com research.

Austin, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 593
Total Housing Units with Rental Assistance 493
Percentage of Housing Units Occupied By Renters 35.66%
Average Renter Household Size 2.44
Average Household Size 2.49
Median Household Income $42,268 ±$3,005
Median Rent $710 ±$34
Percentage Of Renters Overburdened 52.69% ± 7.3pp
Total Population 24,687

Population and Household Demographics

Austin is a City in Mower County, Minnesota with a population of 24,687. There are 9,745 households in the city with an average household size of 2.49 persons. 35.66% of households in Austin are renters.

Income and Rent Overburden in Austin

The median gross income for households in Austin is $42,268 a year, or $3,522 a month. The median rent for the city is $710 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Austin, a household making less than $2,367 a month would be considered overburdened when renting an apartment at or above the median rent. 52.69% of households who rent are overburdened in Austin.1

Area Median Income In Austin

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Austin, the AMI is calculated from all households within Mower County.

In Austin, HUD calculates the Area Median Income for a family of four as $72,400

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Austin

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Austin HUD Rental Assistance in Austin

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,200 $17,400 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,350 $29,000 $32,600 $36,200 $39,100 $42,000 $44,900 $47,800
80% of Median $40,550 $46,350 $52,150 $57,900 $62,550 $67,200 $71,800 $76,450
Low Income Housing Tax Credits in Austin

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1999 to 2002, 2 low income apartment communities containing 61 rental apartments have been constructed and made affordable to low income persons in Austin by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Austin

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $25,350 $29,000 $32,600 $36,200 $39,100 $42,000 $44,900 $47,800
60% of Median $30,420 $34,800 $39,120 $43,440 $46,920 $50,400 $53,880 $57,360

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Austin is $39,120 a year, or $3,260 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,260 by 30% to get a maximum rent of $978 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $634 $679 $815 $941 $1,050 $1,159
60% $761 $815 $978 $1,130 $1,260 $1,391
Fair Market Rents in Austin

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$513 $598 $788 $1,111 $1,142