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Herald Square

303 Roberts St N, Fargo, North Dakota 58102

Apartment complex offering studio and one (1) bedroom units.

Units

Unit (Bd/Ba) Ft2 Rent
Studio (Studio/1) 375 Call for Price
1 Bedroom (1/1) 543 Call for Price

Herald Square Details

  • 9 0 and 0 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Nearby Amenities

  • Close to Public Transportation
  • Close to Shopping
  • Near Hospital
  • Near Bank

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.

Fargo 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 Fargo but actual income limits may differ for units at Herald Square.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $31,300 $35,800 $40,250 $44,700 $48,300 $51,900 $55,450 $59,050
Low Income (60%) $37,560 $42,960 $48,300 $53,640 $57,960 $62,280 $66,540 $70,860

Herald Square is managed by Fargo Housing.

Image of Herald Square

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