18801 Riverwood Drive, Little Falls, MN 56345
Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units
Verified for 2022 by Bobby Kiefert, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | 650 - 800 Sq Ft |
Since this property is a USDA 515 and LIHTC property that might have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
The school was originally built in 1911, wings in 1930. Our Lady of Angles Academy was a boarding school headed by the Franciscan Sisters of Belle Prairie. The building was vacant since 1974. Riverwood Pines is now 24 apartments of contemporary housing, consisting of 10 one-bedroom units averaging 650 sq.ft and 14 two-bedroom units averaging 800 sq.ft. Riverwood Pines is located in a quite, country setting. Elevator and a laundry room located on every floor that is well maintained and a beautiful fire place in the setting room over looking the courtyard. Riverwood Pines also has a beautiful park named Bell Prairie Park located within walking distance of the property. With picnic area available, playground and boat access to the water. For more information contact us today, we look forward to hearing from you.
Because Riverwood Pines participates in the USDA Section 515 Rural Rental Housing program, this property is likely located in a rural community and may be one of only a few rental housing choices in the area. To qualify for residency in a Section 515 property, you must earn 80% or less of Area Median Income (AMI). However, this property also participates in the LIHTC 20/50 program, so most or all units in the property are likely limited to persons earning 50% of AMI. Since this property also participates in USDA's Section 521 Rental Assistance program, residents who earn 50% of the AMI or less may qualify for a subsidy that limits your rent payment to 30% of your income. Some Section 521 properties do not offer rent subsidies to all of the units, so it is possible a person earning 50% or less of the AMI is placed on a subsidy waiting list, They would have to pay the full rent until their name comes up on the list. Since this property has benefited from the LIHTC program, it is likely to be in better condition and offer more amenities than other Section 515 properties. These properties are almost always owned and managed by private/corporate owners or nonprofits. If you live in a rural area and need help paying your rent, this property may be good for you. Since this property participates in the LIHTC and RD 515 programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 BR (1/1) | 650ft2 | Rent is Based On Your Income† |
| 2 BR (2/1) | 800ft2 | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $30,900 / year | $35,300 / year | $39,700 / year | $44,100 / year |
| 50% AMI for PBRA Units | $30,900 / year | $35,300 / year | $39,700 / year | $44,100 / year |
| 60% AMI for LIHTC Units | $37,080 / year | $42,360 / year | $47,640 / year | $52,920 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Riverwood Pines have a waiting list?
Riverwood Pines probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Riverwood Pines?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Riverwood Pines?
Riverwood Pines is managed by MetroPlains Management, LLC headquartered in Devils Lake, North Dakota.
In addition to Riverwood Pines, how many other affordable housing properties (and units) are there in Little Falls?
In addition to Riverwood Pines, we list 8 other affordable properties in Little Falls. Learn about these properties here. Our data research shows that there are a total of 382 affordable units in Little Falls.
1104 5th Ave SE, Little Falls, Minnesota 56345
1034 4th Ave NE, Little Falls, Minnesota 56345
209 1st Street SE, Little Falls, Minnesota 56345
Preferences are not a requirement.
You should still consider applying to waiting lists with preferences you don't qualify for. There is still a chance to get housing.Lisa Selby says:
"After years of applying for Section 8 and never being called, this website is the reason I finally received my voucher, and just moved into my new apartment! If I had not started receiving alerts from Affordable Housing Online of waiting list openings in my area, I would not be where I am today!"