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Riverside Townhomes

1120 N Oak St, Lake City, Minnesota 55041

2 + 3 Bedroom Townhomes for Families

- 1370 Sq. Ft. (3BR) - $775/mo.                            

- Our 2BR townhouse for residents with a        disability is 1055 sq. ft and is $595/mo.       

- Attached 1-car garage

- Dishwasher

- In-unit washer and dryer

- Individual entry

- Individual private patio

- Great floorplan 

- Water, sewer, and trash included

Unit (Bd/Ba) Ft2 Rent
Two Bedroom (2/1) 1055 $595
Three Bedroom (3/2) 1370 $775
Waiting List is Open Now

Last updated on November 29th, 2021

Eligibility for Riverside 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 Lake City but actual income limits may differ for units at Riverside Townhomes.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person
Very Low Income (50%) $35,900 $41,000 $46,150 $51,250 $55,350 $59,450
Low Income (60%) $43,080 $49,200 $55,380 $61,500 $66,420 $71,340

Riverside Townhomes Details

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

Property Amenities

  • Garage

Unit Amenities

  • Dishwasher
  • Water Trash and Sewer Included
  • Washer and Dryer Included
  • Private Patios
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.

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Lake City Apartments and Townhomes

1109 N High St
Lake City, Minnesota
Subsidized
PBRA
1 BR
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