Elk Ridge Manor

847 Freeport Ave , Elk River, Minnesota 55330

Contact Elk Ridge Manor

Located in the heart of Elk River, Elk Ridge Manor offers affordable and spacious 1, 2 and 3 bedroom apartments and townhomes that are sure to please. With great kitchens and generous closet space, Elk Ridge also offers an outdoor picnic and playground area, and is conveniently located within walking distance of so many small city attractions!

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	595	$800
2 Bedroom (2/1)	795	$850
3 Bedroom (3/1)	1025	$955

Eligibility for Elk Ridge Manor

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 Elk River but actual income limits may differ for units at Elk Ridge Manor.

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

Elk Ridge Manor Details

40 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 521 USDA Rental Assistance
Section 515 Rural Rental Housing

Property Amenities

Controlled Access
Laundry Room
24hr Emergency Maintenance
Grilling Area
On-Site Maintenance
High Speed Internet Access

Unit Amenities

Cable Ready
Trash Chutes

Nearby Amenities

Close to Shopping
Near Restaurants

Office Hours

Day	Hours
Monday	8:00am-4:30pm
Tuesday	8:00am-4:30pm
Wednesday	8:00am-4:30pm
Thursday	8:00am-4:30pm
Friday	8:00am-4:30pm

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.