Northbridge Apartments

802 Troy Rd, Albert Lea, Minnesota 56007

Contact Northbridge Apartments

Northbridge Apartments is a smoke-free apartment complex that features a mix of 2 and 3 bedroom units. The apartments were recently renovated with new mechanical systems, energy efficient lighting, appliances, kitchen and bathroom upgrades, and improved accessibility. This community is located within easy walking distance to schools, shopping and Riverland College.

Unit (Bd/Ba)	Ft²	Rent
2 Bedroom (2/1)	-	$590
3 Bedroom (3/1)	-	$605

Eligibility for Northbridge Apartments

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 Albert Lea but actual income limits may differ for units at Northbridge Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$30,900	$35,300	$39,700	$44,100	$47,650	$51,200
Low Income (60%)	$37,080	$42,360	$47,640	$52,920	$57,180	$61,440

Northbridge Apartments Details

48 two and three bedroom units.
Water and Sewer utilities included in rent
Heat utility included in rent
Low-Income Housing Tax Credit (LIHTC)
Section 521 USDA Rental Assistance
Section 515 Rural Rental Housing

Property Amenities

Controlled Access
Playground
On-Site Manager
Off-Street Parking
On-Site Maintenance
Smoke Free
Heat Included
On-Site Laundry

Unit Amenities

Water Trash and Sewer Included

Nearby Amenities

Close to Shopping
Near Schools
Near Church

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.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.