Golden Meadows Apartments

1415 Prairie Ave SW, Faribault, Minnesota 55021

Eligibility for Golden Meadows Apartments

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Faribault but actual income limits may differ for units at Golden Meadows Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $19,550 $22,350 $25,150 $30,000 $35,140 $40,280 $45,420 $50,560
50% $32,550 $37,200 $41,850 $46,500 $50,250 $53,950 $57,700 $61,400
80% $52,100 $59,550 $67,000 $74,400 $80,400 $86,350 $92,300 $98,250

Golden Meadows Apartments Details

  • 90 bedroom units.
  • Section 8 Project-Based Rental Assistance (PBRA)
  • Section 221 (d) (3)
Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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