Warmer. Friendlier. More inviting. A cozy feeling of home that you feel the moment you walk in. At The Rivers in Burnsville, MN, you enjoy maintenance-free, rental retirement living with spacious apartments and several lifestyle options. Discover how much more retirement living can be: Choose The Rivers!
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 Oshkosh but actual income limits may differ for units at The Rivers Senior Living.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $31,500 | $36,000 | $40,500 | $45,000 | $48,600 | $52,200 | $55,800 | $59,400 |
Low Income (60%) | $37,800 | $43,200 | $48,600 | $54,000 | $58,320 | $62,640 | $66,960 | $71,280 |
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.