Freeport Square Apartments

109 3rd Ave NE, Freeport, Minnesota 56331

Freeport Square Apartments, located at 109 3rd Ave NE in Freeport, MN has 1 and 2 bedroom apartments. Freeport Square Apartments participates in the Low-Income Housing Tax Credit (LIHTC) program.

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Freeport Square Apartments is accepting applications and does not have a waiting list.

Last updated on October 11th, 2018

Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 624 From $405 To $605
Two Bedroom (2/1) 703 From $430 To $620

Freeport Square Apartments Details

  • 19 1 and 2 bedroom units.
  • Water and Sewer utilities included in rent
  • Heat utility included in rent
  • Low-Income Housing Tax Credit (LIHTC)

Unit Amenities

  • Cable Ready
  • Water Trash and Sewer Included

Low-Income Housing Tax Credit (LIHTC)

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.

Freeport Low-Income Housing Tax Credit Income Limits

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 Freeport but actual income limits may differ for units at Freeport Square Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $30,950 $35,350 $39,750 $44,150 $47,700 $51,250 $54,750 $58,300
Low Income (60%) $37,140 $42,420 $47,700 $52,980 $57,240 $61,500 $65,700 $69,960

Freeport Square Apartments is managed by CEPCO Management & Development Company.

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