Two Rivers Estates is located in Faribault, Minnesota and is a clean and friendly Section 42 property that is conveniently located with easy freeway access. Unit sizes include one, two, and three-bedroom apartments with dishwashers and balconies or walk-out patios. Residents enjoy amenities such as controlled access entry, on-site laundry on every floor, heat, trash, water and garbage included in their rent. This is a cat friendly community.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Faribault but actual income limits may differ for units at Two Rivers Estates.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$32,550||$37,200||$41,850||$46,500||$50,250||$53,950||$57,700||$61,400|
|Low Income (60%)||$39,060||$44,640||$50,220||$55,800||$60,300||$64,740||$69,240||$73,680|
Two Rivers Estates is managed by MBG Property Management.
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.