Towers Terrace Townhomes

912 Circle Dr, Cambridge, Minnesota 55008

Contact Towers Terrace Townhomes

Towers Terrace Townhomes offer 2 and 3 bedroom townhomes.

Unit (Bd/Ba)	Ft²	Rent
2 Bedroom (2/1)	930	$750
3 Bedroom (3/1)	1	$850

Eligibility for Towers Terrace Townhomes

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 Cambridge but actual income limits may differ for units at Towers Terrace Townhomes.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$43,500	$49,700	$55,900	$62,100	$67,100	$72,050
Low Income (60%)	$52,200	$59,640	$67,080	$74,520	$80,520	$86,460

Towers Terrace Townhomes Details

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

Property Amenities

Playground
Smoke Free

Unit Amenities

Central Air
Dishwasher
Private Entrance
Sewer Included
Water Included
Washer and Dryer Included
Private Patio and Balcony

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.