Viking Terrace Apartments, located at 1440 Burlington Ave N in Worthington, has one, two and three bedroom apartments. Viking Terrace Apartments participates in the Low-Income Housing Tax Credit (LIHTC) program.
|1 Bedroom (1/1)||650||Income Based|
|2 Bedroom (2/1)||780||Income Based|
|3 Bedroom (3/1)||949||Income Based|
Viking Terrace Apartments in Worthington is a great place to call home. Conveniently located near stores, restaurants, and other conveniences, you'll be next to everything you need. Residents must income qualify to live at Viking Terrace and in some units, rent is based on 30% of the resident's income. This community offers 1, 2, and 3 bedroom apartments. A security deposit equal to one month of rent will be due at time of lease signing.
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.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Worthington but actual income limits may differ for units at Viking Terrace Apartments.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
These general income qualifications for Worthington, Minnesota should only be used as a basic guide. To find out if you qualify, contact the community directly.
You can usually make up to 80% of the Area Median Income (AMI) to be eligible for a HUD-Assisted Housing unit, but income qualification tiers for this community may be different due to various policies.
Viking Terrace Apartments receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing. Market rate units would have no subsidies or income restrictions.
Viking Terrace Apartments is managed by Lloyd Management.