Affordable Housing In Chisago City
Chisago County, Minnesota

3 Low Income Apartment Communities In Chisago City

Heather Creek Apartments

29545 East St
Chisago City, MN
Income Based
1-2 BR
Subsidized

Parmly Lakeview Apartments

10600 282nd St
Chisago City, MN
62+
Accessible
Elderly Supportive Housing
Subsidized

The Woods Apartments

10760 North Ave
Chisago City, MN
HCV Welcome
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Guide To Affordable Housing in Chisago City, Minnesota

There are 3 low income housing apartment communities offering 116 affordable apartments for rent in Chisago City, Minnesota. Chisago City features 80 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 36 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Chisago City.

Sourced from federal housing data and AffordableHousingOnline.com research.

Chisago City, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 116
Total Housing Units with Rental Assistance 80
Percentage of Housing Units Occupied By Renters 22.03%
Average Renter Household Size 1.49
Average Household Size 2.34
Median Household Income $71,875 ±$15,209
Median Rent $713 ±$68
Percentage Of Renters Overburdened 47.19% ± 24.16pp
Total Population 4,930

Population and Household Demographics

Chisago City is a City in Chisago County, Minnesota with a population of 4,930. There are 2,020 households in the city with an average household size of 2.34 persons. 22.03% of households in Chisago City are renters.

Income and Rent Overburden in Chisago City

The median gross income for households in Chisago City is $71,875 a year, or $5,990 a month. The median rent for the city is $713 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Chisago City, a household making less than $2,377 a month would be considered overburdened when renting an apartment at or above the median rent. 47.19% of households who rent are overburdened in Chisago City.1

Area Median Income In Chisago City

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 Chisago City, the AMI is calculated from all households within Chisago County.

In Chisago City, 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 Chisago City

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 Chisago City HUD Rental Assistance in Chisago City

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 Chisago City

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

From 1990 to 1990, 1 low income apartment communities containing 35 rental apartments have been constructed and made affordable to low income persons in Chisago City 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 Chisago City

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $35,000 $40,000 $45,000 $50,000 $54,000 $58,000 $62,000 $66,000
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 Chisago City 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 Chisago City

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
$820 $971 $1,214 $1,722 $2,025