Affordable Housing In Richfield
Hennepin County, Minnesota

Waiting List Openings In Richfield

Richfield, MN Section 8 HCV Waiting List

The Richfield Housing and Redevelopment Authority (RHRA) will accept Section 8 Housing Choice Voucher waiting list applications from January 18, 2022 at 10:00 am, until January 28, 2022 at 4:00 pm CT.

How to Apply for the Richfield, MN Section 8 HCV Waiting List.

5 Low Income Apartment Communities In Richfield

Lyndale Plaza Apartments

6401 Lyndale Ave S
Richfield, Minnesota
Call For Rent
1-3 BR

Mainstreet Village Assisted Living

7601 Lyndale Avenue South
Richfield, Minnesota
Call For Rent
Studio-1 BR

Fraser Sheridan Court

2500 W 66th St
Richfield, Minnesota
Subsidized
62+
Accessible
Elderly Supportive Housing

Robert Will Community Housing

6345 Pleasant Ave
Richfield, Minnesota
Subsidized
62+
Accessible
Elderly Supportive Housing

Richfield Towers

7717 Chicago Avenue
Richfield, Minnesota
Subsidized
  • «
  • 1
  • »

Section 8 Vouchers, Apartments, and Waiting Lists in Richfield, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Richfield, Minnesota

Housing Authority Programs
Richfield Housing and Redevelopment Authority Section 8 Housing Choice Voucher (HCV)
Mental Health Resources Section 8 Housing Choice Voucher (HCV)
Metropolitan Council Housing and Redevelopment Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Richfield, Minnesota

There are 5 low income housing apartment communities offering 340 affordable apartments for rent in Richfield, Minnesota.

Income Based Apartments in Richfield, Minnesota

Richfield features 190 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 Richfield, Minnesota

There are 94 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Richfield.

Housing Choice Vouchers in Richfield, Minnesota

On average, Section 8 Housing Choice vouchers pay Richfield landlords $800 per month towards rent. The average voucher holder contributes $500 towards rent in Richfield.

The maximum amount a voucher would pay on behalf of a low-income tenant in Richfield, Minnesota for a two-bedroom apartment is between $1,196 and $1,462.

2022 Richfield, 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
Richfield, Minnesota Fair Market Rent $932 $1,078 $1,329 $1,841 $2,145
Richfield, Minnesota Payment Standard Range $839 to $1,025 $970 to $1,186 $1,196 to $1,462 $1,657 to $2,025 $1,931 to $2,360

Sourced from federal housing data and AffordableHousingOnline.com research.

Richfield, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 340
Total Housing Units with Rental Assistance 190
Percentage of Housing Units Occupied By Renters 36.94%
Average Renter Household Size 2.29
Average Household Size 2.37
Median Household Income $52,954 ±$2,249
Median Rent $854 ±$29
Percentage Of Renters Overburdened 50.69% ± 6.18pp
Total Population 36,059

Population and Household Demographics

Richfield is a city in Hennepin County, Minnesota with a population of 36,059. There are 15,069 households in the city with an average household size of 2.37 persons. 36.94% of households in Richfield are renters.

Income and Rent Overburden in Richfield

The median gross income for households in Richfield is $52,954 a year, or $4,413 a month. The median rent for the city is $854 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Richfield, a household making less than $2,847 a month would be considered overburdened when renting an apartment at or above the median rent. 50.69% of households who rent are overburdened in Richfield.

Area Median Income In Richfield

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 Richfield, the AMI is calculated from all households within Hennepin County.

In Richfield, HUD calculates the Area Median Income for a family of four as $104,900

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 Richfield

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 Richfield

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 Richfield AMI may qualify for rental assistance programs that target Extremely Low Income households.
$22,050 $25,200 $28,350 $31,450 $34,000 $36,500 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Richfield AMI may qualify for rental assistance programs that target Very Low Income households.
$36,750 $42,000 $47,250 $52,450 $56,650 $60,850 $65,050 $69,250
80% AMI Income Limits
Renters earning up to 80% of the Richfield AMI may qualify for rental assistance programs that target Low Income households.
$55,950 $63,950 $71,950 $79,900 $86,300 $92,700 $99,100 $105,500