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Grande Apartments

104 N 9th St, Olivia, Minnesota 56277

Updated historic building in great location in downtown Olivia. Within walking distance of banks, parks, grocery store, coffee shops, and restaurants. Some income restrictions apply. A $25 application fee per adult is due with application. Security deposit of $500 is required before move-in.

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 740 $570
2 Bedroom (2/1) 800 $605

Grande Apartments Details

  • 8 0 and 0 bedroom units.
  • Water and Sewer utilities included in rent
  • Heat utility included in rent
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Elevator
  • Off-Street Parking
  • Smoke Free
  • On-site Laundry

Unit Amenities

  • Dishwasher
  • Refrigerator
  • Water Trash and Sewer Included
  • Stove
  • Heat and Air

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.

Olivia 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 Olivia but actual income limits may differ for units at Grande Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $25,700 $29,350 $33,000 $36,650 $39,600 $42,550 $45,450 $48,400
Low Income (60%) $30,840 $35,220 $39,600 $43,980 $47,520 $51,060 $54,540 $58,080

Grande Apartments is managed by Lloyd Management.

Image of Grande Apartments
Image of Grande Apartments
Image of Grande Apartments