Low Income Apartments In Carver County
Minnesota

Low Income Apartments In Carver County

Riverside Apartments

210 Territorial St
Watertown, MN
$878
1 BR
HCV Welcome

The Landing Apartments

105 East 1st Street
Chaska, MN
Income Based
1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Waybury Apartments

110340 Geske Rd
Chaska, MN
Income Based
1-2 BR
62+
Subsidized

Waters Edge Townhomes

818 County Road 24
Watertown, MN
Call For Rent
2-3 BR
HCV Welcome

The Brickyard Apartments

709 N Walnut St
Chaska, MN
Call For Rent
1 BR
Subsidized

Centennial Hill Apartments

820 Santa Vera Dr
Chanhassen, MN
Call For Rent
1-2 BR
55+

Crossings at Town Centre

200 S Olive St
Waconia, MN
Call For Rent
Studio-2 BR
55+

Oak Grove Senior Apartments

114 Reform St
Norwood Young America, MN
Call For Rent
1-2 BR
55+

Windstone Townhomes

110550 Windmill Ct
Chaska, MN
Call For Rent
1-3 BR
HCV Welcome

Cloverfield Marketplace

2915 Clover Ridge Drive
Chaska, MN
$725-1,605
Studio-3 BR
HCV Welcome
Market Rate

There are 31 low income housing apartment complexes which contain 1,508 affordable apartments for rent in Carver County. Many of these rental apartments are income based housing with 414 apartments that set rent based on your income. In Carver County, HUD housing programs support 232 rental assistance apartments through programs like Project-based Section 8. There are 911 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Carver County

Housing Authority Programs
Metropolitan Council Housing and Redevelopment Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Carver County Community Development Agency Public Housing

Guide To Affordable Housing in Carver County, Minnesota

Carver County, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 31
Total Low Income Apartments 1,508
Total Rent Assisted Apartments 414
Percentage of Housing Units Occupied By Renters 19.66%
Average Renter Household Size 2.24
Total Population 95,715
Housing Units 34,421
Average Household Size 2.76
Median Household Income $86,323 ±$2,160
Median Rent $950 ±$31
Percentage Of Renters Overburdened 42.26% ± 4.86pp

Population and Household Demographics

Carver County is a County in Minnesota with a population of 95,715. There are 34,421 households in the county with an average household size of 2.76 persons. 19.66% of households in Carver County are renters.

Income and Rent Overburden in Carver County

The median gross income for households in Carver County is $86,323 a year, or $7,194 a month. The median rent for the county is $950 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Carver County, a household making less than $3,167 a month would be considered overburdened when renting an apartment at or above the median rent. 42.26% of households who rent are overburdened in Carver County.1

Area Median Income In Carver County

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.

In Carver County, HUD calculates the Area Median Income for a family of four as $100,000

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 Carver County

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 Carver County HUD Rental Assistance in Carver County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $21,000 $24,000 $27,000 $30,000 $32,400 $34,800 $39,010 $43,430
50% of Median $35,000 $40,000 $45,000 $50,000 $54,000 $58,000 $62,000 $66,000
80% of Median $52,850 $60,400 $67,950 $75,500 $81,550 $87,600 $93,650 $99,700
Low Income Housing Tax Credits in Carver County

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

From 1987 to 2008, 13 low income apartment communities containing 577 rental apartments have been constructed and made affordable to low income persons in Carver County 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 Carver County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $42,000 $48,000 $54,000 $60,000 $64,800 $69,600 $74,400 $79,200

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 Carver County is $54,000 a year, or $4,500 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,500 by 30% to get a maximum rent of $1,350 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% $875 $938 $1,125 $1,300 $1,450 $1,600
60% $1,050 $1,125 $1,350 $1,560 $1,740 $1,920
Fair Market Rents in Carver County

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$763 $915 $1,151 $1,636 $1,923

Cities In Carver County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Watertown 3 The HUD funded Public Housing Agencies that serve Watertown are the Metropolitan Council Housing and Redevelopment Authority and Carver County Community Development Agency.
Chaska 15 The HUD funded Public Housing Agencies that serve Chaska are the Metropolitan Council Housing and Redevelopment Authority and Carver County Community Development Agency.
Waconia 6 The HUD funded Public Housing Agencies that serve Waconia are the Metropolitan Council Housing and Redevelopment Authority and Carver County Community Development Agency.
Mayer 0 The HUD funded Public Housing Agencies that serve Mayer are the Metropolitan Council Housing and Redevelopment Authority and Carver County Community Development Agency.
Cologne 1 The HUD funded Public Housing Agencies that serve Cologne are the Metropolitan Council Housing and Redevelopment Authority and Carver County Community Development Agency.
Chanhassen 2 The HUD funded Public Housing Agencies that serve Chanhassen are the Metropolitan Council Housing and Redevelopment Authority and Carver County Community Development Agency.
New Germany 0 The HUD funded Public Housing Agencies that serve New Germany are the Metropolitan Council Housing and Redevelopment Authority and Carver County Community Development Agency.
Benton 0 The HUD funded Public Housing Agencies that serve Benton are the Metropolitan Council Housing and Redevelopment Authority and Carver County Community Development Agency.
Camden 0 The HUD funded Public Housing Agencies that serve Camden are the Metropolitan Council Housing and Redevelopment Authority and Carver County Community Development Agency.
Carver 2 The HUD funded Public Housing Agencies that serve Carver are the Metropolitan Council Housing and Redevelopment Authority and Carver County Community Development Agency.
Dahlgren 0 The HUD funded Public Housing Agencies that serve Dahlgren are the Metropolitan Council Housing and Redevelopment Authority and Carver County Community Development Agency.
Hamburg 0 The HUD funded Public Housing Agencies that serve Hamburg are the Metropolitan Council Housing and Redevelopment Authority and Carver County Community Development Agency.
Hancock 0 The HUD funded Public Housing Agencies that serve Hancock are the Metropolitan Council Housing and Redevelopment Authority and Carver County Community Development Agency.
Hollywood 0 The HUD funded Public Housing Agencies that serve Hollywood are the Metropolitan Council Housing and Redevelopment Authority and Carver County Community Development Agency.
Laketown 0 The HUD funded Public Housing Agencies that serve Laketown are the Metropolitan Council Housing and Redevelopment Authority and Carver County Community Development Agency.
Norwood Young America 2 The HUD funded Public Housing Agencies that serve Norwood Young America are the Metropolitan Council Housing and Redevelopment Authority and Carver County Community Development Agency.
San Francisco 0 The HUD funded Public Housing Agencies that serve San Francisco are the Metropolitan Council Housing and Redevelopment Authority and Carver County Community Development Agency.
Victoria 0 The HUD funded Public Housing Agencies that serve Victoria are the Metropolitan Council Housing and Redevelopment Authority and Carver County Community Development Agency.
Waconiaship 0 The HUD funded Public Housing Agencies that serve Waconiaship are the Metropolitan Council Housing and Redevelopment Authority and Carver County Community Development Agency.
Watertownship 0 The HUD funded Public Housing Agencies that serve Watertownship are the Metropolitan Council Housing and Redevelopment Authority and Carver County Community Development Agency.