Affordable Housing In New Ulm
Brown County, Minnesota

5 Low Income Apartment Communities In New Ulm

Carrie Lawn Apartments

1404 S German St
New Ulm, MN
$600-650
1-2 BR
HCV Welcome

Linderhof Park Apartments

1100 16th St N
New Ulm, MN
Subsidized

Saint Michaels Housing

500 N State St
New Ulm, MN
HCV Welcome

Broadway Haus Scattered

300 N Broadway St
New Ulm, MN

River View Estates

2412 N Broadway St
New Ulm, MN
HCV Welcome
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Housing Authorities that serve New Ulm

Housing Authority Programs
New Ulm Economic Development Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in New Ulm, Minnesota

There are 5 low income housing apartment communities offering 197 affordable apartments for rent in New Ulm, Minnesota. New Ulm features 106 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 91 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in New Ulm.

Sourced from federal housing data and AffordableHousingOnline.com research.

New Ulm, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 197
Total Housing Units with Rental Assistance 106
Percentage of Housing Units Occupied By Renters 26.52%
Average Renter Household Size 1.67
Average Household Size 2.17
Median Household Income $50,254 ±$3,558
Median Rent $611 ±$36
Percentage Of Renters Overburdened 39.38% ± 7.8pp
Total Population 13,287

Population and Household Demographics

New Ulm is a City in Brown County, Minnesota with a population of 13,287. There are 5,698 households in the city with an average household size of 2.17 persons. 26.52% of households in New Ulm are renters.

Income and Rent Overburden in New Ulm

The median gross income for households in New Ulm is $50,254 a year, or $4,188 a month. The median rent for the city is $611 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In New Ulm, a household making less than $2,037 a month would be considered overburdened when renting an apartment at or above the median rent. 39.38% of households who rent are overburdened in New Ulm.1

Area Median Income In New Ulm

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 New Ulm, the AMI is calculated from all households within Brown County.

In New Ulm, HUD calculates the Area Median Income for a family of four as $74,800

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 New Ulm

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 New Ulm HUD Rental Assistance in New Ulm

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,750 $18,000 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,200 $29,950 $33,700 $37,400 $40,400 $43,400 $46,400 $49,400
80% of Median $41,900 $47,900 $53,900 $59,850 $64,650 $69,450 $74,250 $79,050
Low Income Housing Tax Credits in New Ulm

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

From 1995 to 2005, 3 low income apartment communities containing 86 rental apartments have been constructed and made affordable to low income persons in New Ulm 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 New Ulm

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $26,200 $29,950 $33,700 $37,400 $40,400 $43,400 $46,400 $49,400
60% of Median $31,440 $35,940 $40,440 $44,880 $48,480 $52,080 $55,680 $59,280

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 New Ulm is $40,440 a year, or $3,370 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,370 by 30% to get a maximum rent of $1,011 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% $655 $702 $843 $973 $1,085 $1,198
60% $786 $842 $1,011 $1,167 $1,302 $1,437
Fair Market Rents in New Ulm

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
$465 $573 $714 $890 $967