River Park View Apartments

218 W River Street, Monticello, Minnesota 55362

Contact River Park View Apartments

River Park View Senior Apartments are nestled in the town of Monticello, which offers small town living while just one hour from the Twin Cities. Residents are just a short walk from a movie theater, grocery store, community center and a large park.

Unit (Bd/Ba)	Ft²	Rent
1 BR (1/1)	624	Income Based
2 BR (2/1)	748	Income Based

Eligibility for River Park View Apartments

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 River Park View Apartments.

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

River Park View Apartments Details

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

Property Amenities

Controlled Access
Elevator
BBQ and Picnic Area
Many Activities
Community Room
24hr Emergency Maintenance
Off-Street Parking
Emergency Pull Cord
Experienced Management
Peaceful Community
Secured Entry
Landscaping
Snow Removal
On-Site Maintenance
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
Refrigerator
Extra Storage
Water Trash and Sewer Included
Heat and Hot Water Included
Bathroom Grab Bars
Intercom System
Sprinkler
Energy Saving Windows
vertical blinds
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 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.

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.