Affordable Housing In Glenwood
Pope County, Minnesota

3 Low Income Apartment Communities In Glenwood

Glenview Apartments

501 5th St SE #109
Glenwood, MN
$604-660
1-2 BR
Subsidized

Glenwood Manor

780 2nd Ave NE
Glenwood, MN
Subsidized

Glenhaven Manor

507 5th St SE
Glenwood, MN
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Housing Authorities that serve Glenwood

Housing Authority Programs
Housing and Redevelopment Authority of Glenwood Minnesota Public Housing
Douglas County Housing and Redevelopment Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Glenwood, Minnesota

There are 3 low income housing apartment communities offering 114 affordable apartments for rent in Glenwood, Minnesota. Glenwood features 114 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Glenwood.

Sourced from federal housing data and AffordableHousingOnline.com research.

Glenwood, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 114
Total Housing Units with Rental Assistance 114
Percentage of Housing Units Occupied By Renters 34.74%
Average Renter Household Size 1.52
Average Household Size 1.96
Median Household Income $43,125 ±$7,970
Median Rent $672 ±$149
Percentage Of Renters Overburdened 39.86% ± 11.52pp
Total Population 2,536

Population and Household Demographics

Glenwood is a City in Pope County, Minnesota with a population of 2,536. There are 1,235 households in the city with an average household size of 1.96 persons. 34.74% of households in Glenwood are renters.

Income and Rent Overburden in Glenwood

The median gross income for households in Glenwood is $43,125 a year, or $3,594 a month. The median rent for the city is $672 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Glenwood, a household making less than $2,240 a month would be considered overburdened when renting an apartment at or above the median rent. 39.86% of households who rent are overburdened in Glenwood.1

Area Median Income In Glenwood

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 Glenwood, the AMI is calculated from all households within Pope County.

In Glenwood, HUD calculates the Area Median Income for a family of four as $73,800

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 Glenwood

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 Glenwood HUD Rental Assistance in Glenwood

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,550 $17,750 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,850 $29,550 $33,250 $36,900 $39,900 $42,850 $45,800 $48,750
80% of Median $41,350 $47,250 $53,150 $59,050 $63,800 $68,500 $73,250 $77,950

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 Glenwood

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $25,850 $29,550 $33,250 $36,900 $39,900 $42,850 $45,800 $48,750
60% of Median $31,020 $35,460 $39,900 $44,280 $47,880 $51,420 $54,960 $58,500

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 Glenwood is $39,900 a year, or $3,325 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,325 by 30% to get a maximum rent of $998 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% $646 $693 $831 $960 $1,071 $1,182
60% $776 $831 $998 $1,152 $1,286 $1,418
Fair Market Rents in Glenwood

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
$494 $569 $750 $1,053 $1,056