Farmington Townhomes

700 8th St, Farmington, Minnesota 55024

Contact Farmington Townhomes

Farmington Townhomes is an ideal place to live. With close proximity to shopping and parks, along with an excellent school district, these 2-level townhomes are a catch. They are located in a small community, a place where anyone would love to call home.

Unit (Bd/Ba)	Ft²	Rent
2 Bedroom (2/1)	-	Call for Price
3 Bedroom Townhome (3/1.4)	1347	$1,225

Eligibility for Farmington 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 Farmington but actual income limits may differ for units at Farmington 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

Farmington Townhomes Details

16 two and three bedroom units.
Townhouse
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Playground
24hr Emergency Maintenance
Garage
Garage and Surface Parking
Smoke Free
High Speed Internet Access
Picnic Area
Wheel Chair Accessible

Unit Amenities

Washer and Dryer Hookup
Dining Area
Heat and Air

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.