Riverview Place N Apartments

1310 15th Ave N, Princeton, Minnesota 55371

Riverview Place N Apartments, located at 1310 15th Ave N in Princeton, has one, two and three bedroom apartments. Riverview Place N Apartments participates in the Low-Income Housing Tax Credit (LIHTC) program.

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Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - From $510 To $655
2 Bedroom (2/1) - From $555 To $700
3 Bedroom (3/1) - From $590 To $750

Riverview Place N Apartments Details

  • 24 one, two and three bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Controlled Access
  • Laundry Room
  • Off-Street Parking
  • Smoke Free
  • Heat Included
  • Wheel Chair Accessible

Unit Amenities

  • Water Trash and Sewer Included

Nearby Amenities

  • Near Park
  • Near Schools
  • Near Shopping

About Riverview Place N Apartments

Off street assigned parking with plug-ins, on-site laundry, controlled entrances & indoor mailboxes.  Close to park, shopping & schools.  No pets allowed. Companion and service animals allowed with proper authorization.
This property is proud to be a smoke free facility!

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.

Princeton 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 Princeton but actual income limits may differ for units at Riverview Place N Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $25,350 $29,000 $32,600 $36,200 $39,100 $42,000 $44,900 $47,800
Low Income (60%) $30,420 $34,800 $39,120 $43,440 $46,920 $50,400 $53,880 $57,360

Riverview Place N Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

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