Walnut Towers

105 E Walnut St, Mankato, Minnesota 56001

Contact Walnut Towers

Walnut Tower Apartments are close to the bus lines, grocery stores and entertainment. This community includes utilities in rent.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	Income Based

Eligibility for Walnut Towers

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Mankato but actual income limits may differ for units at Walnut Towers.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$20,050	$22,900	$25,750	$30,000	$35,140	$40,280	$45,420	$50,560
50%	$33,400	$38,150	$42,900	$47,650	$51,500	$55,300	$59,100	$62,900
80%	$53,400	$61,000	$68,650	$76,250	$82,350	$88,450	$94,550	$100,650

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 Walnut Towers.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$33,400	$38,150	$42,900	$47,650	$51,500	$55,300	$59,100	$62,900

Walnut Towers Details

86 one bedroom units.
Heat utility included in rent
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

Property Amenities

Elevator
Community Room
On-Site Manager
24hr Emergency Maintenance
On Bus-line
Laundry Facility
Heat Included
On-Site Laundry

Unit Amenities

Handicapped Accessible
Dishwasher
Security System
Storage
Refrigerator

Nearby Amenities

Close to Shopping
Near Restaurants

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.