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Falls Manor

1034 4th Ave NE, Little Falls, Minnesota 56345

Falls Manor, located in the small town of Little Falls, on the Mississippi River, offers both apartments and townhome living. The property features two raised garden beds for the resident to still enjoy nature and planting garden vegetables. Residents can enjoy the varity of stores and restaurants all within walking distance of the well maintained property.

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Message Falls Manor

Units

Unit (Bd/Ba) Ft2 Rent
(2/1) - Income Based
(3/1) - Income Based

Falls Manor Details

  • 22 0 and 0 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing
  • Section 521 USDA Rental Assistance

Property Amenities

  • Playground
  • Basketball Court
  • BBQ/Picnic Area
  • 24hr Emergency Maintenance
  • Laundry Centers
  • Experienced Management
  • Off Street Parking
  • Peaceful Community
  • Secured Entry
  • Landscaping
  • Snow Removal
  • Bus available
  • Community Garden
  • Lawn Care
  • After Hours Call Service

Unit Amenities

  • Washer/Dryer Hookup
  • Walk-in Closet(s)
  • Refrigerator
  • Heat and Hot Water Included
  • Bathroom Grab Bars
  • Fenced Backyard
  • Intercom System
  • Energy Saving Windows
  • Stove
  • Cable & Internet Ready
  • Mini Blinds & Curtain Rods
  • Private Patios

Nearby Amenities

  • Near Shopping

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Little Falls HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Little Falls but actual income limits may differ for units at Falls Manor.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,300 $17,450 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% $25,450 $29,050 $32,700 $36,300 $39,250 $42,150 $45,050 $47,950
80% $40,700 $46,500 $52,300 $58,100 $62,750 $67,400 $72,050 $76,700

Little Falls 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 Little Falls but actual income limits may differ for units at Falls Manor.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $25,450 $29,050 $32,700 $36,300 $39,250 $42,150 $45,050 $47,950
Low Income (60%) $30,540 $34,860 $39,240 $43,560 $47,100 $50,580 $54,060 $57,540

Falls Manor is managed by MetroPlains Management, LLC.

Image of Falls Manor

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