Greenwood Place

901 Greenwood Place, Faribault, MN 55021

Waiting List Forecast: Likely Long or Closed

check_circleVerified for 2019 by Coni Burnett
Rent Beds Baths SqFt
Call for Rents 1 - 3 Beds 1 - 1.75 Bath 654 - 1,122 Sq Ft
check_circle  Pets Allowed
check_circle  Project-Based Rental Assistance

Waitlist Forecast

Since this property may have a Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

Greenwood Place Apartments located in Faribault MN is regarded as one of the most historic communities to live in Minnesota! Our community offers affordable living to eligible households.

  • Comments: We Are A Pet Friendly Community And Cats And Dogs Accepted. There Will Be Additional Pet Rent And A Non-Refundable Pet Deposit.The Weight Limit For Dogs Is 60 Pounds.
  • Restrictions: Breed Restrictions Apply.
Dave's Thoughts On Greenwood Place

Since Greenwood Place participates in the Section 8 Project-Based Rental Assistance program, your rent would be subsidized. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. Since this property participates in the Section 8 Project Based Rental Assistance program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Greenwood Place Amenities

  • Playground
  • BBQ and Picnic Area
  • Laundry Room

Units at Greenwood Place

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1.75) 654ft2 Call for Price
2 Bedrooms (2/1) 884ft2 Call for Price
3 Bedrooms (3/1) 1122ft2 Call for Price

Income Qualification for Greenwood Place

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people 5 people 6 people
30% AMI for PBRA Units $19,550 / year $22,350 / year $25,150 / year $30,000 / year $35,140 / year $40,280 / year
50% AMI for LIHTC Units $32,550 / year $37,200 / year $41,850 / year $46,500 / year $50,250 / year $53,950 / year
50% AMI for PBRA Units $32,550 / year $37,200 / year $41,850 / year $46,500 / year $50,250 / year $53,950 / year
80% AMI for PBRA Units $52,100 / year $59,550 / year $67,000 / year $74,400 / year $80,400 / year $86,350 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Greenwood Place

Does Greenwood Place have a waiting list?

Greenwood Place probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Greenwood Place?

We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.

What property management company manges Greenwood Place?

Greenwood Place is managed by Heartland Realty Investors, Inc headquartered in Minneapolis, Minnesota.

In addition to Greenwood Place, how many other affordable housing properties (and units) are there in Faribault?

In addition to Greenwood Place, we list 22 other affordable properties in Faribault. Learn about these properties here. Our data research shows that there are a total of 681 affordable units in Faribault.

Listings Near Greenwood Place

Prairiewood Townhomes

1515 Deerwood Lane, Faribault, Minnesota 55021

bed 2-4
payment $730-928/mo.

Southgate Village

1518 9th Ave SW, Faribault, Minnesota 55021

bed 1-2
payment $595-635/mo.

Park Central Apartments

521 4th Ave NW, Faribault, Minnesota 55021

The Lofts at Evergreen Knoll

2275 4th St NW, Faribault, Minnesota 55201

bed 1-3
payment $731-1162/mo.

Two Rivers Estates

2426 Park Ave NW, Faribault, Minnesota 55021

Spring Court Townhomes

919 Spring Rd, Faribault, Minnesota 55021

Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.