The Ryan House, formerly known as the Ryan Hotel was built in the 1940's. In 1981, the building was renovated into apartment homes. The majority of the original oak woodwork has been restored through out the building. Some of our apartments have great views of the river and we are located in the heart of the renovated downtown district.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 BR HC (1/1) | - | Income Based |
1 BR (1/1) | 650 | Income Based |
2 BR (2/1) | 938 | Income Based |
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 Grand Forks but actual income limits may differ for units at Ryan House.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
30% | $20,100 | $23,000 | $25,850 | $30,000 |
50% | $33,500 | $38,300 | $43,100 | $47,850 |
80% | $53,600 | $61,250 | $68,900 | $76,550 |
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 Grand Forks but actual income limits may differ for units at Ryan House.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
Very Low Income (50%) | $33,500 | $38,300 | $43,100 | $47,850 |
Low Income (60%) | $40,200 | $45,960 | $51,720 | $57,420 |
Day | Hours |
---|---|
Monday | 9:00am-5:00pm |
Tuesday | 9:00am-5:00pm |
Wednesday | 9:00am-5:00pm |
Thursday | 9:00am-5:00pm |
Friday | 9:00am-5:00pm |
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
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.