Affordable Housing In Freeborn County

12 Low Income Apartment Communities In Freeborn County

Lofts at Lea Center

139 E William St
Albert Lea, MN
HCV Welcome

Hayward Booster Apartments

215 Main St
Hayward, MN

Other Housing Authorities located in Freeborn County

Housing Authority Programs
Housing and Redevelopment Authority of Albert Lea Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Freeborn County, Minnesota

There are 12 low income housing apartment communities offering 749 affordable apartments for rent in Freeborn County, Minnesota. Freeborn County features 632 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 117 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Freeborn County.

Sourced from federal housing data and research.

Freeborn County, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 12
Total Low Income Apartments 749
Total Housing Units with Rental Assistance 632
Percentage of Housing Units Occupied By Renters 23.61%
Average Renter Household Size 2.08
Average Household Size 2.33
Median Household Income $47,105 ±$1,270
Median Rent $598 ±$42
Percentage Of Renters Overburdened 38.79% ± 5.03pp
Total Population 30,897

Population and Household Demographics

Freeborn County is a County in Minnesota with a population of 30,897. There are 12,993 households in the county with an average household size of 2.33 persons. 23.61% of households in Freeborn County are renters.

Income and Rent Overburden in Freeborn County

The median gross income for households in Freeborn County is $47,105 a year, or $3,925 a month. The median rent for the county is $598 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Freeborn County, a household making less than $1,993 a month would be considered overburdened when renting an apartment at or above the median rent. 38.79% of households who rent are overburdened in Freeborn County.1

Area Median Income In Freeborn 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 Freeborn County, HUD calculates the Area Median Income for a family of four as $64,600

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 Freeborn 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 Freeborn County HUD Rental Assistance in Freeborn 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 Freeborn County

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

From 1990 to 2006, 5 low income apartment communities containing 260 rental apartments have been constructed and made affordable to low income persons in Freeborn 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 Freeborn 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 Freeborn 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 Freeborn 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
$480 $560 $737 $931 $1,143

Cities In Freeborn County

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

City Listings Served By
Albert Lea 10 The HUD funded Public Housing Agency that serves Albert Lea is the Housing and Redevelopment Authority of Albert Lea.
Clarks Grove 0
Glenville 1
Hollandale 0
Emmons 0
Alden 0
Albert Leaship 0
Aldenship 0
Bancroft 0
Bath 0
Carlston 0
Conger 0
Freeborn 0
Freebornship 0
Freeman 0
Geneva 0
Genevaship 0
Hartland 0
Hartlandship 0
Hayward 1
Haywardship 0
London 0
Manchester 0
Manchestership 0
Mansfield 0
Moscow 0
Myrtle 0
Newry 0
Nunda 0
Oakland 0
Pickerel Lake 0
Riceland 0
Shell Rock 0
Twin Lakes 0