Affordable Housing In Cottonwood County
Minnesota

6 Low Income Apartment Communities In Cottonwood County

Windom Apartments

135-145 6th Ave S
Windom, MN
Income Based-555
1-3 BR
HCV Welcome
Subsidized

Westbrook Apartments

900 11th St
Westbrook, MN
$348-416
1-2 BR

Windom Townhouses 1500 Perkins Creek

1475 17th St
Windom, MN
Subsidized

Laker Apartments

1225 3rd Ave
Mountain Lake, MN

Riverview Apartments

605 10th St
Windom, MN

Tanglewood Estates

1755 4th Ave
Windom, MN
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Housing Authorities that serve Cottonwood County

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

Other Housing Authorities located in Cottonwood County

Housing Authority Programs
Housing and Redevelopment Authority of Mountain Lake Minnesota Public Housing
Housing and Redevelopment Authority of Windom Minnesota Public Housing

Guide To Affordable Housing in Cottonwood County, Minnesota

According to federal housing data and AffordableHousingOnline.com research, there are 6 low income housing apartment communities offering 281 affordable apartments for rent in Cottonwood County, Minnesota. Cottonwood County features 233 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 48 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Cottonwood County.

Cottonwood County, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 281
Total Housing Units with Rental Assistance 233
Percentage of Housing Units Occupied By Renters 21.34%
Average Renter Household Size 2.37
Average Household Size 2.38
Median Household Income $46,750 ±$3,851
Median Rent $607 ±$65
Percentage Of Renters Overburdened 40.88% ± 11.05pp
Total Population 11,632

Population and Household Demographics

Cottonwood County is a County in Minnesota with a population of 11,632. There are 4,779 households in the county with an average household size of 2.38 persons. 21.34% of households in Cottonwood County are renters.

Income and Rent Overburden in Cottonwood County

The median gross income for households in Cottonwood County is $46,750 a year, or $3,896 a month. The median rent for the county is $607 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cottonwood County, a household making less than $2,023 a month would be considered overburdened when renting an apartment at or above the median rent. 40.88% of households who rent are overburdened in Cottonwood County.1

Area Median Income In Cottonwood 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 Cottonwood County, HUD calculates the Area Median Income for a family of four as $62,600

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 Cottonwood 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 Cottonwood County HUD Rental Assistance in Cottonwood County

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 Cottonwood County

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

From 2000 to 2000, 1 low income apartment communities containing 51 rental apartments have been constructed and made affordable to low income persons in Cottonwood 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 Cottonwood County

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 Cottonwood County 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 Cottonwood 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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$471 $542 $714 $921 $1,141

Cities In Cottonwood County

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

City Listings Served By
Mountain Lake 1 The HUD funded Public Housing Agencies that serve Mountain Lake are the Housing and Redevelopment Authority of Mountain Lake Minnesota and Worthington Housing and Redevelopment Authority.
Windom 4 The HUD funded Public Housing Agencies that serve Windom are the Housing and Redevelopment Authority of Windom Minnesota and Worthington Housing and Redevelopment Authority.
Westbrook 1 The HUD funded Public Housing Agency that serves Westbrook is the Worthington Housing and Redevelopment Authority.
Amboy 0 The HUD funded Public Housing Agency that serves Amboy is the Worthington Housing and Redevelopment Authority.
Amo 0 The HUD funded Public Housing Agency that serves Amo is the Worthington Housing and Redevelopment Authority.
Ann 0 The HUD funded Public Housing Agency that serves Ann is the Worthington Housing and Redevelopment Authority.
Bingham Lake 0 The HUD funded Public Housing Agency that serves Bingham Lake is the Worthington Housing and Redevelopment Authority.
Carson 0 The HUD funded Public Housing Agency that serves Carson is the Worthington Housing and Redevelopment Authority.
Dale 0 The HUD funded Public Housing Agency that serves Dale is the Worthington Housing and Redevelopment Authority.
Delton 0 The HUD funded Public Housing Agency that serves Delton is the Worthington Housing and Redevelopment Authority.
Germantown 0 The HUD funded Public Housing Agency that serves Germantown is the Worthington Housing and Redevelopment Authority.
Great Bend 0 The HUD funded Public Housing Agency that serves Great Bend is the Worthington Housing and Redevelopment Authority.
Highwater 0 The HUD funded Public Housing Agency that serves Highwater is the Worthington Housing and Redevelopment Authority.
Jeffers 0 The HUD funded Public Housing Agency that serves Jeffers is the Worthington Housing and Redevelopment Authority.
Lakeside 0 The HUD funded Public Housing Agency that serves Lakeside is the Worthington Housing and Redevelopment Authority.
Midway 0 The HUD funded Public Housing Agency that serves Midway is the Worthington Housing and Redevelopment Authority.
Mountain Lakeship 0 The HUD funded Public Housing Agency that serves Mountain Lakeship is the Worthington Housing and Redevelopment Authority.
Rose Hill 0 The HUD funded Public Housing Agency that serves Rose Hill is the Worthington Housing and Redevelopment Authority.
Selma 0 The HUD funded Public Housing Agency that serves Selma is the Worthington Housing and Redevelopment Authority.
Southbrook 0 The HUD funded Public Housing Agency that serves Southbrook is the Worthington Housing and Redevelopment Authority.
Springfield 0 The HUD funded Public Housing Agency that serves Springfield is the Worthington Housing and Redevelopment Authority.
Storden 0 The HUD funded Public Housing Agency that serves Storden is the Worthington Housing and Redevelopment Authority.
Stordenship 0 The HUD funded Public Housing Agency that serves Stordenship is the Worthington Housing and Redevelopment Authority.
Westbrookship 0 The HUD funded Public Housing Agency that serves Westbrookship is the Worthington Housing and Redevelopment Authority.