7th Street Townhomes

313 W 7th St, Monticello, Minnesota 55362

Contact 7th Street Townhomes

Stylish and spacious townhouses conveniently located near the Monticello Community Center, shopping, and dining with easy access to I-94 and Hwy 25. Enjoy attached garages, private porches and a community playground. Section 42 income guidelines apply.

Unit (Bd/Ba)	Ft²	Rent
Three Bedroom (3/1.5)	1365	Call for Price
Three Bedroom (3/1.5)	1365	Call for Price

Eligibility for 7th Street 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 Monticello but actual income limits may differ for units at 7th Street 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

7th Street Townhomes Details

15 three bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

24hr Emergency Maintenance
Garage

Unit Amenities

Air Conditioning
Washer and Dryer Hookup
Private Patio and Balcony

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.