Affordable Housing Online is monitoring the federal government's response to the coronavirus disease (COVID-19) outbreak. 

An extensive list of coronavirus resources for low-income households can be found here.

Riverwood Pines

18801 Riverwood Drive, Little Falls, Minnesota 56345

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.

Contact Riverwood Pines

Message Riverwood Pines

Units

Unit (Bd/Ba) Ft2 Rent
1 BR (1/1) 650 Income Based
2 BR (2/1) 800 Income Based

Riverwood Pines Details

  • 24 0 and 0 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing
  • Section 521 USDA Rental Assistance

Property Amenities

  • Controlled Access
  • Playground
  • BBQ/Picnic Area
  • Community Room
  • 24hr Emergency Maintenance
  • Experienced Management
  • Peaceful Community
  • Secured Entry
  • Landscaping
  • Bus available
  • Walking Trails
  • Community Garden
  • Lawn Care
  • Coin-Operated Laundry
  • After Hours Call Service
  • Surveillance Cameras
  • Elevator

Unit Amenities

  • Air Conditioning
  • Ceiling Fan(s)
  • Dishwasher
  • Garbage Disposal
  • Microwave
  • Refrigerator
  • Bathroom Grab Bars
  • Intercom System
  • Sprinkler
  • Energy Saving Windows
  • vertical blinds
  • Central Heat & Air
  • Stove
  • Cable & Internet Ready
  • Mini Blinds & Curtain Rods
  • Cathedral Ceilings
  • Deluxe Cabinetry

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 Riverwood Pines.

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 Riverwood Pines.

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

Riverwood Pines is managed by MetroPlains Management, LLC.

Image of Riverwood Pines
Image of Riverwood Pines
Image of Riverwood Pines

Nearby Low Income Apartment Communities

River Rock Townhomes

1516 5th Ave SE
Little Falls, Minnesota
Call For Rent
2-3 BR

Highland Court Townhomes

1104 5th Ave SE
Little Falls, Minnesota
$670-760
2-3 BR

Falls Manor

1034 4th Ave NE
Little Falls, Minnesota
Income Based
2-3 BR
Subsidized

Buckman Senior Apartments

209 1st Street SE
Little Falls, Minnesota
Income Based
1 BR
Subsidized