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Golden Meadows Apartments

1415 Prairie Ave SW
Faribault, Minnesota

About Golden Meadows Apartments

Golden Meadows Apartments is a 90 unit affordable housing community in Faribault, Minnesota. The community is located in the 1st Congressional District of Minnesota.

Project-Based Section 8

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this property are based on tenant incomes. 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.

Project Based Rental Assistance

Faribault HUD Rental Assistance Income Limits

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30%$16,000$18,250$20,550$24,600$28,780$32,960$37,140$41,320
50%$26,600$30,400$34,200$38,000$41,050$44,100$47,150$50,200
80%$42,600$48,650$54,750$60,800$65,700$70,550$75,400$80,300

Golden Meadows Apartments receives rental subsidies through HUD's Project Based Section 8 program for some or all of its apartments. Some units may be designated as market rate housing.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a Project Based Section 8 Program unit. Market rate units would have no subsidies or income restrictions.

Figuring out income and rent limits for affordable housing can be complex when more than one Federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.