Cedardale North Apartments

324 Cedardale Dr SE, Owatonna, Minnesota 55060

Waiting list is Open Now

Cedardale North Apartments waiting list is currently open.

Last updated on October 30th, 2020

Eligibility for Cedardale North 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 Owatonna but actual income limits may differ for units at Cedardale North Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$33,600	$38,400	$43,200	$48,000	$51,850	$55,700	$59,550	$63,400
Low Income (60%)	$40,320	$46,080	$51,840	$57,600	$62,220	$66,840	$71,460	$76,080

Cedardale North Apartments Details

16 bedroom units.
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance

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.