Riverfront Courts is managed by Paramark Real Estate Services.
Riverfront Courts offer 1, 2 and 3 bedroom apartments are in the heart of downtown Mankato offering spectacular views of the Minnesota River and are close to everything! These beautiful apartments offer spacious floor plans from 843 – 1070 square feet, huge walk in closets, and a one stall parking space in the attached ramp! Balconies are available on some homes, heat is included on all rentals. Don’t worry about those six flights of stairs, the elevator will get you to your apartment with all your belongings.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | - | Call for Price |
2 Bedroom (2/1) | - | Call for Price |
3 Bedroom (3/1) | - | Call for Price |
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 Mankato but actual income limits may differ for units at Riverfront Courts.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $33,400 | $38,150 | $42,900 | $47,650 | $51,500 | $55,300 |
Low Income (60%) | $40,080 | $45,780 | $51,480 | $57,180 | $61,800 | $66,360 |
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.