Cottages of Grand Forks, located at Acorn Crt and Pioneer Dr16 in Grand Forks, ND has one and two bedroom apartments. Cottages of Grand Forks participates in the Low-Income Housing Tax Credit (LIHTC) program.
|1 bedroom (1/1)||-||Income Based|
|2 Bedroom (2/1)||-||Income Based|
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 the Low-Income Housing Tax Credit program in Grand Forks but actual income limits may differ for units at Cottages of Grand Forks.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$30,950||$35,400||$39,800||$44,200||$47,750||$51,300||$54,850||$58,350|
|Low Income (60%)||$37,140||$42,480||$47,760||$53,040||$57,300||$61,560||$65,820||$70,020|
Cottages of Grand Forks is managed by Grand Forks Housing Auhority.