Greenwood Place

901 Greenwood Place, Faribault, Minnesota 55021

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Units

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

Greenwood Place Details

  • 51 one, two and three bedroom units.
  • Project-Based Rental Assistance

Property Amenities

  • Playground
  • BBQ/Picnic Area
  • Laundry Room
  • Pet Friendly

Office Hours

Day Hours
Monday 9:00am-4:00pm
Tuesday 9:00am-4:00pm
Thursday 9:00am-4:00pm
Sunday Closed

About Greenwood Place

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.

Section 8 Project-Based Rental Assistance

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.

Faribault HUD Rental Assistance Income Qualifications

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $16,450 $18,800 $21,150 $25,100 $29,420 $33,740 $38,060 $42,380
50% $27,350 $31,250 $35,150 $39,050 $42,200 $45,300 $48,450 $51,550
80% $43,750 $50,000 $56,250 $62,500 $67,500 $72,500 $77,500 $82,500

Greenwood Place receives rental subsidies through HUD-Assisted Housing 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 HUD-Assisted Housing 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.

Greenwood Place is managed by Heartland Realty Investors, Inc.

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Image of Greenwood Place
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