Grand Terrace Apartments

1585 Grand Avenue, Worthington, Minnesota 56187

Contact Grand Terrace Apartments

Grand Terrace Apartments are the newest housing development in Worthington. Located on Grand Avenue, just north of Oxford Street, you'll be within minutes of everything you need. This two-story complex will include 48 units of 1, 2, and 3 bedroom apartments. Residents will be welcome to use the community room, fitness center, and on-site laundry facilities.

Income Limits Apply on Select Units:
1 person household: Must make $30,540 or less/year
2 person household: Must make $34,860 or less/year
3 person household: Must make $39,240 or less/year
4 person household: Must make $43,560 or less/year
5 person household: Must make $47,100 or less/year
6 person household: Must make $50,580 or less/year

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	672	$675
2 Bedroom (2/1)	961	From $795 To $845
3 Bedroom (3/2)	1185	$950

Eligibility for Grand Terrace Apartments

Grand Terrace Apartments Details

48 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

Property Amenities

Elevator
Fitness Center
Playground
Community Room
24hr Emergency Maintenance
Off-Street Parking
Smoke Free
On Bus-line

Unit Amenities

Dishwasher
Microwave
Refrigerator
Water Trash and Sewer Included
Stove
Heat and Air

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.