Ridgeview Court Townhomes

326 Spruce St, Paynesville, Minnesota 56362

Ridgeview Court Townhomes offer 2 and 3 bedroom townhomes. No pets allowed.

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Unit (Bd/Ba) Ft2 Rent
2 Bedroom (2/1) 1,005-1,144 $620
3 Bedroom (3/1) 1,080-1,276 $670

Ridgeview Court Townhomes Details

  • 20 two and three bedroom units.
  • Water and Sewer utilities included in rent
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Playground
  • Smoke Free

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Washer and Dryer Hookup
  • Private Entrance
  • Sewer Included
  • Water Included

Office Hours

Day Hours
Monday 9:00am-11:00am
Tuesday 9:00am-11:00am
Thursday 6:00pm-8:00pm

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.

Paynesville 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 Paynesville but actual income limits may differ for units at Ridgeview Court Townhomes.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $30,950 $35,350 $39,750 $44,150 $47,700 $51,250 $54,750 $58,300
Low Income (60%) $37,140 $42,420 $47,700 $52,980 $57,240 $61,500 $65,700 $69,960

Ridgeview Court Townhomes is managed by Central Minnesota Housing Partnership, Inc..

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