Broadway Square

210 West Broadway Street, Monticello, Minnesota 55362

Contact Broadway Square

Broadway Square Senior Apartments are specifically designed for those 62 years of age or older or handicapped & disabled regardless of age. We are located in the heart of Monticello, one block from Bridge Park and close to shopping.

Unit (Bd/Ba)	Ft²	Rent
1 BR (1/1)	600	Income Based
2 BR (2/1)	806	Income Based

Eligibility for Broadway Square

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 Broadway Square.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$43,500	$49,700	$55,900	$62,100
Low Income (60%)	$52,200	$59,640	$67,080	$74,520

Broadway Square Details

28 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 521 USDA Rental Assistance
Section 515 Rural Rental Housing

Property Amenities

Elevator
BBQ and Picnic Area
Community Room
Organized Activities
24hr Emergency Maintenance
Off-Street Parking
Emergency Pull Cord
Experienced Management
Secured Entry
Landscaping
Snow Removal
Community Garden
Month to Month Leases available upon Renewal
Lawn Care
Coin-Operated Laundry
After Hours Call Service

Unit Amenities

Air Conditioning
Walk-in Closet(s)
Keyless Entry Access
Storage
Refrigerator
Water Trash and Sewer Included
Heat and Hot Water Included
Bathroom Grab Bars
Intercom System
Sprinkler
Energy Saving Windows
vertical blinds
Stove
Cable & Internet Ready
Fully Equipped Kitchen

Nearby Amenities

Near Shopping

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 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.

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.