About This Terrace View - MN

Terrace View apartments in Monticello, MN are eligible for the Low-Income Housing Tax Credit program, making them an affordable housing option for those who meet the program's rent and income restrictions. This program provides incentives for developers to build affordable housing for low-income individuals, with the maximum rent being determined by the Area Median Income (AMI). Keep in mind that the AMI can make the apartment unaffordable for some low-income individuals. Terrace View offers 26 one and two-bedroom apartments for low-income tenants, although there may be a waiting list. For more information on eligibility and application, please contact the apartment management directly.

How to apply

Public housing is a form of housing tenure in which the property is usually owned by a government authority, either central or local. The federal Housing and Urban Development (HUD) department addressed concerns of distressed properties and blighted superblocks with revitalization and funding projects for the renewal of public housing to decrease its density and allow for tenants with mixed income levels.

1. Check Your Eligibility Criteria

2. Search For Your Local Housing Authority

3. Fill In And Submit The Application Form

4. Check Your Waiting List Status

5. Move Into An Unit

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