Forest Ridge Townhomes

1210 4th St SE, Forest Lake, Minnesota 55025

Forest Ridge Townhomes delivers exceptional peace and tranquility in townhome living. Each home features 2 level living with an attached 2 car garage, private entryway and multiple baths. The location offers easy access to Interstate 35 and Highway 61 yet is just minutes from several area lakes and outdoor activities.

Unit (Bd/Ba)	Ft²	Rent
2 Bedroom (2/1.5)	1287	From $1,125
3 Bedroom (3/1.5)	1382	From $1,243

Eligibility for Forest Ridge 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 Forest Lake but actual income limits may differ for units at Forest Ridge 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

Forest Ridge Townhomes Details

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

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.