Affordable Housing In Fridley
Anoka County Minnesota

3 Low Income Apartment Communities In Fridley

Norwood Square

6200 5th St NE
Fridley, MN
62+
Accessible
Elderly Supportive Housing
Subsidized

Village Green Apartments

460 Mississippi Street NE
Fridley, MN
Subsidized

Brandes Place

6124 5th St NE
Fridley, MN
HCV Welcome
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There are 3 low income housing apartment complexes which contain 263 affordable apartments for rent in Fridley. Many of these rental apartments are income based housing with 247 apartments that set rent based on your income. In Fridley, HUD housing programs support 196 rental assistance apartments through programs like Project-based Section 8. There are 16 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Fridley

Housing Authority Programs
Metropolitan Council Housing and Redevelopment Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Fridley, Minnesota

Fridley, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 263
Total Rent Assisted Apartments 247
Percentage of Housing Units Occupied By Renters 38.41%
Average Renter Household Size 2.48
Total Population 27,592
Housing Units 11,076
Average Household Size 2.48
Median Household Income $54,652 ±$2,357
Median Rent $883 ±$24
Percentage Of Renters Overburdened 43.49% ± 6.25pp

Population and Household Demographics

Fridley is a City in Anoka County, Minnesota with a population of 27,592. There are 11,076 households in the city with an average household size of 2.48 persons. 38.41% of households in Fridley are renters.

Income and Rent Overburden in Fridley

The median gross income for households in Fridley is $54,652 a year, or $4,554 a month. The median rent for the city is $883 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fridley, a household making less than $2,943 a month would be considered overburdened when renting an apartment at or above the median rent. 43.49% of households who rent are overburdened in Fridley.1

Area Median Income In Fridley

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Fridley, the AMI is calculated from all households within Anoka County.

In Fridley, HUD calculates the Area Median Income for a family of four as $100,000

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 Fridley

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 Fridley HUD Rental Assistance in Fridley

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $21,000 $24,000 $27,000 $30,000 $32,400 $34,800 $39,010 $43,430
50% of Median $35,000 $40,000 $45,000 $50,000 $54,000 $58,000 $62,000 $66,000
80% of Median $52,850 $60,400 $67,950 $75,500 $81,550 $87,600 $93,650 $99,700
Low Income Housing Tax Credits in Fridley

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

From 2005 to 2005, 1 low income apartment communities containing 16 rental apartments have been constructed and made affordable to low income persons in Fridley 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 Fridley

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $42,000 $48,000 $54,000 $60,000 $64,800 $69,600 $74,400 $79,200

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 Fridley is $54,000 a year, or $4,500 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,500 by 30% to get a maximum rent of $1,350 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% $875 $938 $1,125 $1,300 $1,450 $1,600
60% $1,050 $1,125 $1,350 $1,560 $1,740 $1,920
Fair Market Rents in Fridley

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$763 $915 $1,151 $1,636 $1,923