Fairmont Square Apartments

1205 Victoria St, Fairmont, Minnesota 56031

Contact Fairmont Square Apartments

Fairmont Square Apartments offers large one, two and three bedroom apartments in a quiet residential area. The community garden and playground are great outdoor spaces to spend time with family and neighbors. The community room is available for indoor activities and social gatherings. The onsite laundry mat is updated and available twenty fours a day. The management and maintenance team are available to ensure an outstanding living experience.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	Call for Price
2 Bedroom (2/1)	-	Call for Price
3 Bedroom (3/1)	-	Call for Price

Eligibility for Fairmont Square 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 Fairmont but actual income limits may differ for units at Fairmont Square 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

Fairmont Square Apartments Details

64 one, two and three bedroom units.
Water and Sewer utilities included in rent
Heat utility included in rent
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)
Section 236

Property Amenities

Controlled Access
Playground
Community Room
Off-Street Parking
Laundry Facilities
Heat Included
Wheel Chair Accessible

Unit Amenities

Garbage Disposal
Cable Ready
Water Trash and Sewer Included

Nearby Amenities

Close to Public Transportation

Office Hours

Day	Hours
Monday	10:00am-5:30pm
Tuesday	10:00am-5:30pm
Wednesday	10:00am-5:30pm
Thursday	10:00am-3:00pm
Friday	10:00am-5:30pm

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 236

Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.