Affordable Housing In Coon Rapids
Anoka County Minnesota

20 Low Income Apartment Communities In Coon Rapids

Nova

3140 Northdale Boulevard
Coon Rapids, MN
$859-1,725
1-3 BR
Market Rate

Camelot Square Apartments II & III

11659 Raven Street
Coon Rapids, MN
$850-1,340
Studio-3 BR
HCV Welcome

Oak Run Townhomes

10045 Butternut St N
Coon Rapids, MN
$1035
3 BR
HCV Welcome

Grasslands Housing Inc

11740 Xeon Blvd NW
Coon Rapids, MN
62+
Accessible
Elderly Supportive Housing
Subsidized

Mississippi View Apartments

11010 Mississippi Blvd NW
Coon Rapids, MN
Subsidized

Drake Apartments

10011 Egret Blvd NW
Coon Rapids, MN
Subsidized

Dublin Park Apartments

10020 Drake St NW
Coon Rapids, MN
Subsidized

Camelot Square I Apartments

11639 Raven Street NW #108
Coon Rapids, MN
HCV Welcome

Oxbowl Bend

3101 111th Ave NW
Coon Rapids, MN
62+
Accessible
Elderly Supportive Housing
Subsidized

Wellington Ridge I

9787 Palm Street NW
Coon Rapids, MN

There are 20 low income housing apartment complexes which contain 982 affordable apartments for rent in Coon Rapids. Many of these rental apartments are income based housing with 354 apartments that set rent based on your income. In Coon Rapids, HUD housing programs support 269 rental assistance apartments through programs like Project-based Section 8. There are 486 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Coon Rapids

Housing Authority Programs
Metropolitan Council Housing and Redevelopment Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Coon Rapids, Minnesota

Coon Rapids, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 20
Total Low Income Apartments 982
Total Rent Assisted Apartments 354
Percentage of Housing Units Occupied By Renters 24.21%
Average Renter Household Size 2.51
Total Population 61,946
Housing Units 24,111
Average Household Size 2.55
Median Household Income $64,203 ±$1,800
Median Rent $1,032 ±$31
Percentage Of Renters Overburdened 53.11% ± 5.23pp

Population and Household Demographics

Coon Rapids is a City in Anoka County, Minnesota with a population of 61,946. There are 24,111 households in the city with an average household size of 2.55 persons. 24.21% of households in Coon Rapids are renters.

Income and Rent Overburden in Coon Rapids

The median gross income for households in Coon Rapids is $64,203 a year, or $5,350 a month. The median rent for the city is $1,032 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Coon Rapids, a household making less than $3,440 a month would be considered overburdened when renting an apartment at or above the median rent. 53.11% of households who rent are overburdened in Coon Rapids.1

Area Median Income In Coon Rapids

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 Coon Rapids, the AMI is calculated from all households within Anoka County.

In Coon Rapids, 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 Coon Rapids

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 Coon Rapids HUD Rental Assistance in Coon Rapids

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 Coon Rapids

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

From 1988 to 2010, 13 low income apartment communities containing 584 rental apartments have been constructed and made affordable to low income persons in Coon Rapids 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 Coon Rapids

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 Coon Rapids 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 Coon Rapids

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