Mounds View, Minnesota Affordable Housing

Affordable Housing programs support 20 income based apartments in Mounds View where households pay rent based on how much they earn.

There are 60 affordable apartments in Mounds View that offer reduced rents to low-income households.

Waiting Lists in Mounds View, Minnesota

There are no open Section 8 Housing Choice Voucher waiting lists in Mounds View. Go to the Minnesota Section 8 Waiting Lists page for openings near Mounds View.

Boulevard

2901 Mounds View Blvd
Mounds View, Minnesota
Call For Rent
1-3 BR
Affordable

Mounds View Supportive Housing Inc

2670 County Road I
Mounds View, Minnesota
Rent Assisted
Accessible
Accessible
Disabled Supportive Housing
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Affordable Housing Near Mounds View

View affordable apartments and waiting lists in cities near Mounds View

City Apartments
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White Bear Lake, MN Affordable Housing programs support 8 apartment communities in White Bear Lake.
New Brighton, MN Affordable Housing programs support 7 apartment communities in New Brighton.
St Paul, MN Affordable Housing programs support 6 apartment communities in St Paul.

Public Housing Agencies Serving Mounds View, Minnesota

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
Mental Health Resources Section 8 Housing Choice Voucher (HCV)
Metropolitan Council Housing and Redevelopment Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Minnesota Public Housing and Low-Income Apartments Waiting Lists page for openings near Mounds View.

Mounds View, Minnesota Affordable Housing Data

Income Based Apartments in Mounds View, Minnesota

Mounds View features 20 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Mounds View, Minnesota

There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mounds View.

Housing Choice Vouchers in Mounds View, Minnesota

On average, Section 8 Housing Choice vouchers pay Mounds View landlords $900 per month towards rent. The average voucher holder contributes $500 towards rent in Mounds View.

The maximum amount a voucher would pay on behalf of a low-income tenant in Mounds View, Minnesota for a two-bedroom apartment is between $1,269 and $1,551.

2023 Mounds View, Minnesota Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Mounds View, Minnesota Fair Market Rent $1,007 $1,149 $1,410 $1,916 $2,209
Mounds View, Minnesota Payment Standard Range $906 to $1,108 $1,034 to $1,264 $1,269 to $1,551 $1,724 to $2,108 $1,988 to $2,430

Sourced from federal housing data and AffordableHousingOnline.com research.

Mounds View, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 80
Total Housing Units with Rental Assistance 20
Percentage of Housing Units Occupied By Renters 31.42%
Average Renter Household Size 2.42
Average Household Size 2.59
Median Household Income $57,799 ±$6,141
Median Rent $858 ±$22
Percentage Of Renters Overburdened 46.18% ± 7.92pp
Total Population 12,584

Population and Household Demographics

Mounds View is a city in Ramsey County, Minnesota with a population of 12,584. There are 4,838 households in the city with an average household size of 2.59 persons. 31.42% of households in Mounds View are renters.

Income and Rent Overburden in Mounds View

The median gross income for households in Mounds View is $57,799 a year, or $4,817 a month. The median rent for the city is $858 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mounds View, a household making less than $2,860 a month would be considered overburdened when renting an apartment at or above the median rent. 46.18% of households who rent are overburdened in Mounds View.

Area Median Income In Mounds View

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 Mounds View, the AMI is calculated from all households within Ramsey County.

In Mounds View, HUD calculates the Area Median Income for a family of four as $118,200

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 Mounds View

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 HUD Rental Assistance in Mounds View

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Mounds View AMI may qualify for rental assistance programs that target Extremely Low Income households.
$24,650 $28,200 $31,700 $35,200 $38,050 $40,850 $43,650 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Mounds View AMI may qualify for rental assistance programs that target Very Low Income households.
$41,100 $46,950 $52,800 $58,650 $63,350 $68,050 $72,750 $77,450
80% AMI Income Limits
Renters earning up to 80% of the Mounds View AMI may qualify for rental assistance programs that target Low Income households.
$62,600 $71,550 $80,500 $89,400 $96,600 $103,750 $110,900 $118,050