Country Village is managed by Essence Property Management, Inc.
This property offers market rate units, tax credit units and HUD project based units. Income restrictions apply for some units
Country Village offers a beautiful country feeling and is conveniently located in Redwood Falls. We offer affordable 1, 2 and 3 bedroom apartment homes that include all paid utilities in your rent.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | - | $439 |
Two Bedroom (2/1) | - | $501 |
Three Bedroom (3/1) | - | $576 |
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Redwood Falls but actual income limits may differ for units at Country Village.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
50% | $30,900 | $35,300 | $39,700 | $44,100 | $47,650 | $51,200 |
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 Redwood Falls but actual income limits may differ for units at Country Village.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $30,900 | $35,300 | $39,700 | $44,100 | $47,650 | $51,200 |
Low Income (60%) | $37,080 | $42,360 | $47,640 | $52,920 | $57,180 | $61,440 |
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.
Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.