Terrace View

40 7th Street E, Monticello, Minnesota 55362

Contact Terrace View

Terrace View Apartments offers all the amenities you've come to expect in affordable, family living. Terrace View is an ideal place to live for all ages, conveniently located just one hour from the Twin Cities Metropolitan Area. Call us today for more information.

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

Eligibility for Terrace View

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 Terrace View.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$43,500	$49,700	$55,900	$62,100

Terrace View Details

26 one and two bedroom units.
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance

Property Amenities

Controlled Access
Playground
24hr Emergency Maintenance
Garage
Off-Street Parking
Experienced Management
Secured Entry
Landscaping
Snow Removal
On-Site Maintenance
Lawn Care
Coin-Operated Laundry

Unit Amenities

Air Conditioning
Refrigerator
Water Trash and Sewer Included
Kitchen Pantry
Heat and Hot Water Included
Bathroom Grab Bars
Intercom System
Sprinkler
vertical blinds
Stove
Cable & Internet Ready

Nearby Amenities

Near Shopping

Office Hours

Day	Hours
Monday	7:30am-5:00pm
Tuesday	7:30am-5:00pm
Wednesday	7:30am-5:00pm
Thursday	7:30am-5:00pm
Friday	7:30am-5:00pm

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.