Lake Road Apartments

325 Summit Ave W, Blackduck, Minnesota 56630

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Lake Road Apartments is an 8 unit apartment community with 2 and 3 bedroom units. Income restrictions apply.

Unit (Bd/Ba)	Ft²	Rent
2 Bedroom (2/1)	678	Income Based
3 Bedroom (3/1)	930	Income Based

Eligibility for Lake Road 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 Blackduck but actual income limits may differ for units at Lake Road 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

Lake Road Apartments Details

8 two and three bedroom units.
Water and Sewer utilities included in rent
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Playground
Experienced Management
Coin-Operated Laundry

Unit Amenities

Dishwasher
Garbage Disposal
Refrigerator
Water Trash and Sewer Included
Stove

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.

Images of Lake Road Apartments

Nearby Low Income Apartment Communities like Lake Road Apartments

Pineview Manor

181 Northern Ave NW

Blackduck, Minnesota

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