Affordable Housing In Thief River Falls
Pennington County, Minnesota

10 Low Income Apartment Communities In Thief River Falls

Greenwood Terrace

2001 Greenwood St E
Thief River Falls, MN
Income Based
1-2 BR
HCV Welcome

River Pointe Townhomes

928 Alice Dr
Thief River Falls, MN
Call For Rent
2-3 BR
HCV Welcome

Riverside Terrace

225 Labree Ave S
Thief River Falls, MN
Subsidized

Sherwood Park Townhomes

1528 Highway 1 E
Thief River Falls, MN
HCV Welcome

Northland Village

1508 Highway 1 E
Thief River Falls, MN
HCV Welcome

Belmont Apartments

1308 Dale St
Thief River Falls, MN
HCV Welcome

Pioneer Court

1602 Greenwood St E
Thief River Falls, MN
HCV Welcome

Southwood Park Townhomes

1601 Greenwood St E
Thief River Falls, MN
HCV Welcome

Thief River Falls Hra

415 Arnold Ave S
Thief River Falls, MN

Oak Lodge Ltd

540 9th St W
Thief River Falls, MN
HCV Welcome
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Housing Authorities that serve Thief River Falls

Housing Authority Programs
Thief River Falls Housing and Redevelopment Aut Public Housing
Northwest Minnesota Multi-County Housing and Redevelopment Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Thief River Falls, Minnesota

There are 10 low income housing apartment communities offering 372 affordable apartments for rent in Thief River Falls, Minnesota. Thief River Falls features 142 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 230 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Thief River Falls.

Sourced from federal housing data and AffordableHousingOnline.com research.

Thief River Falls, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 10
Total Low Income Apartments 372
Total Housing Units with Rental Assistance 142
Percentage of Housing Units Occupied By Renters 33.43%
Average Renter Household Size 1.78
Average Household Size 2.15
Median Household Income $40,271 ±$2,659
Median Rent $576 ±$54
Percentage Of Renters Overburdened 37.14% ± 7.7pp
Total Population 8,711

Population and Household Demographics

Thief River Falls is a City in Pennington County, Minnesota with a population of 8,711. There are 3,931 households in the city with an average household size of 2.15 persons. 33.43% of households in Thief River Falls are renters.

Income and Rent Overburden in Thief River Falls

The median gross income for households in Thief River Falls is $40,271 a year, or $3,356 a month. The median rent for the city is $576 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Thief River Falls, a household making less than $1,920 a month would be considered overburdened when renting an apartment at or above the median rent. 37.14% of households who rent are overburdened in Thief River Falls.1

Area Median Income In Thief River Falls

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 Thief River Falls, the AMI is calculated from all households within Pennington County.

In Thief River Falls, HUD calculates the Area Median Income for a family of four as $70,800

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 Thief River Falls

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 Thief River Falls HUD Rental Assistance in Thief River Falls

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,200 $17,400 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,350 $29,000 $32,600 $36,200 $39,100 $42,000 $44,900 $47,800
80% of Median $40,550 $46,350 $52,150 $57,900 $62,550 $67,200 $71,800 $76,450
Low Income Housing Tax Credits in Thief River Falls

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

From 1987 to 2001, 7 low income apartment communities containing 203 rental apartments have been constructed and made affordable to low income persons in Thief River Falls 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 Thief River Falls

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

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 Thief River Falls is $39,120 a year, or $3,260 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,260 by 30% to get a maximum rent of $978 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% $634 $679 $815 $941 $1,050 $1,159
60% $761 $815 $978 $1,130 $1,260 $1,391
Fair Market Rents in Thief River Falls

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
$495 $577 $760 $947 $1,030