Affordable Housing In Isanti County

19 Low Income Apartment Communities In Isanti County

Shields Plaza

6100 Cedar St
North Branch, MN
Call For Rent
1-2 BR

Main Street Apartments

312 Main St N
Cambridge, MN
1-2 BR
HCV Welcome

Towers Terrace Townhomes

912 Circle Dr
Cambridge, MN
2-3 BR
HCV Welcome

Braham Heights

204 5th St SW
Braham, MN
2 BR

Braham Square Townhomes

507 3rd St SW
Braham, MN
2-3 BR
HCV Welcome

Legacy Townhomes

1227 Garland Street
Cambridge, MN
2-3 BR

Ashland Place Dellwood South

222 Ashland St N
Cambridge, MN
Call For Rent
1-3 BR

Normandy Townhomes

800 11th Ave SW
Cambridge, MN
1 BR
HCV Welcome

Cambridge Town Square

409 11th Ave SE
Cambridge, MN
Call For Rent
1-3 BR
HCV Welcome

Braham Meadows

106 & 108 NW 5th St
Braham, MN

Other Housing Authorities located in Isanti County

Housing Authority Programs
Housing and Redevelopment Authority of Braham Public Housing
Cambridge Economic Development Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Isanti County, Minnesota

There are 19 low income housing apartment communities offering 660 affordable apartments for rent in Isanti County, Minnesota. Isanti County features 252 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 408 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Isanti County.

Sourced from federal housing data and research.

Isanti County, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 19
Total Low Income Apartments 660
Total Housing Units with Rental Assistance 252
Percentage of Housing Units Occupied By Renters 19.14%
Average Renter Household Size 2.34
Average Household Size 2.68
Median Household Income $59,865 ±$1,971
Median Rent $843 ±$62
Percentage Of Renters Overburdened 45.52% ± 8.33pp
Total Population 38,296

Population and Household Demographics

Isanti County is a County in Minnesota with a population of 38,296. There are 14,059 households in the county with an average household size of 2.68 persons. 19.14% of households in Isanti County are renters.

Income and Rent Overburden in Isanti County

The median gross income for households in Isanti County is $59,865 a year, or $4,989 a month. The median rent for the county is $843 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Isanti County, a household making less than $2,810 a month would be considered overburdened when renting an apartment at or above the median rent. 45.52% of households who rent are overburdened in Isanti County.1

Area Median Income In Isanti 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 Isanti County, 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 Isanti 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 Isanti County HUD Rental Assistance in Isanti County

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 Isanti County

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

From 1987 to 2010, 6 low income apartment communities containing 160 rental apartments have been constructed and made affordable to low income persons in Isanti 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 Isanti County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $35,000 $40,000 $45,000 $50,000 $54,000 $58,000 $62,000 $66,000
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 Isanti County 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 Isanti 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
$820 $971 $1,214 $1,722 $2,025

Cities In Isanti County

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

City Listings Served By
Braham 4 The HUD funded Public Housing Agency that serves Braham is the Housing and Redevelopment Authority of Braham.
Cambridge 8 The HUD funded Public Housing Agency that serves Cambridge is the Cambridge Economic Development Authority.
Isanti 4
Athens 0
Bradford 0
Cambridgeship 0
Dalbo 0
Isantiship 0
Maple Ridge 0
North Branch 3
Oxford 0
Spencer Brook 0
Springvale 0
Stanchfieldship 0
Stanchfield 0
Stanford 0
Wyanett 0