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Timberwolf Townhomes

709 1st St NE, Deer River, Minnesota 56636

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Call (218) 246-3181

Timberwolf Townhomes is managed by CEPCO Management & Development Company.

Unit (Bd/Ba) Ft2 Rent
Two Bedroom (2/1) 968 From $500 To $695
Three Bedroom (3/1) 1151 From $570 To $770
Timberwolf Townhomes is accepting applications and does not have a waiting list.

Last updated on October 19th, 2018

Eligibility for Timberwolf 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 Deer River but actual income limits may differ for units at Timberwolf Townhomes.

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

Timberwolf Townhomes Details

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

Property Amenities

  • Playground

Unit Amenities

  • Cable Ready
  • Water Trash and Sewer Included
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 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.

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.

Images of Timberwolf Townhomes
Image of Timberwolf Townhomes