Prairie Rose

200 9th St SW, Red Lake Falls, Minnesota 56750

Contact Prairie Rose

Prairie Rose Apartments is recently renovated and updated with new cabinetry, appliances, flooring and paint. It is an apartment community that features 1, 2 and 3 bedroom units. Beautifully landscaped grounds and a controlled access entry system.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price
Two Bedroom (2/1)	-	Call for Price
Three Bedroom (3/1)	-	Call for Price

Eligibility for Prairie Rose

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 Red Lake Falls but actual income limits may differ for units at Prairie Rose.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$31,650	$36,200	$40,700	$45,200	$48,850	$52,450
Low Income (60%)	$37,980	$43,440	$48,840	$54,240	$58,620	$62,940

Prairie Rose Details

16 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing

Property Amenities

Controlled Access
Playground
Coin-Operated Laundry
Smoke Free

Unit Amenities

Garbage Disposal
Sewer Included

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.