Hinckley Square Apartments

107 3rd St SW, Hinckley, Minnesota 55037

Contact Hinckley Square Apartments

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	625	From $440 To $602
Two Bedroom (2/1)	766	From $460 To $632
Three Bedroom (3/1)	1051	From $495 To $662

Hinckley Square Apartments is accepting applications and does not have a waiting list.

Last updated on October 11th, 2018

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

Hinckley Square Apartments Details

24 one, two and three bedroom units.
Water and Sewer utilities included in rent
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance

Property Amenities

Playground
Secured Entry
Coin-Operated Laundry

Unit Amenities

Cable Ready
Water Trash and Sewer Included

Nearby Amenities

Close to Public Transportation

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 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.

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.