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Mississippi Terrace Apartments

215 4th St SW, Brainerd, Minnesota 56401

Mississippi Terrace Apartments, located at 215 4th St SW in Brainerd, MN has one, two and three bedroom apartments. Mississippi Terrace Apartments participates in the Section 8 Project-Based Rental Assistance program.

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - From $513 To $631
Two Bedroom (2/1) - From $590 To $599
Three Bedroom (3/1) - $662

Mississippi Terrace Apartments Details

  • 113 one, two and three bedroom units.
  • Water and Sewer utilities included in rent
  • Heat utility included in rent
  • Section 8 Project-Based Rental Assistance

Property Amenities

  • Community Room
  • On-Site Management
  • On-Site Maintenance
  • On-site Laundry

Unit Amenities

  • Scenic View

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

Brainerd HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Brainerd but actual income limits may differ for units at Mississippi Terrace Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,300 $17,450 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% $25,450 $29,050 $32,700 $36,300 $39,250 $42,150 $45,050 $47,950
80% $40,700 $46,500 $52,300 $58,100 $62,750 $67,400 $72,050 $76,700

These general income qualifications for Brainerd, Minnesota should only be used as a basic guide. To find out if you qualify, contact the community directly.

You can usually make up to 80% of the Area Median Income (AMI) to be eligible for a HUD-Assisted Housing unit, but income qualification tiers for this community may be different due to various policies.

Mississippi Terrace Apartments receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing. Market rate units would have no subsidies or income restrictions.

Mississippi Terrace Apartments is managed by INH Properties.

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