Elk Terrace LIHTC Elk River, MN
Profile last updated · Data vintage: HUD LIHTC 2024
Elk Terrace is a Low-Income Housing Tax Credit (LIHTC) community in Elk River, MN with 23 units. Rents are set relative to household income.
23
total units
—
occupancy
—
avg resident rent
—
reported wait
Resident & program facts (HUD-reported)
| Program(s) | Low-Income Housing Tax Credit (LIHTC) |
|---|---|
| Address | 385 Holt Ave, Elk River, MN 55330 Map → |
| Tax-credit (LI) units | 23 |
| Placed in service | 1993 |
How to apply at Elk Terrace
LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.
- Call or visit the management office at 385 Holt Ave, Elk River; ask if the waitlist is open and request an application.
- Gather ID, Social Security cards, birth certificates, and proof of all income. Applications are always free.
- Claim eligible preferences (homelessness, veteran, local residency) with documentation.
- Respond fast to interview letters; verify rent expectations against your budget.
Other subsidized housing in Elk River
- Guardian Angels Homes, Inc. PB Section 8
- Dove Tree Apartments LIHTC
- Elk Ridge Lodge LIHTCPB Section 8
- Angel Ridge §202 Senior
- Coachman Ridge Apartments LIHTCPB Section 8
- The Depot at Elk River Station LIHTCPB Section 8
- Hillside Heights Apartments LIHTCPB Section 8
- Dove Terrace Apartments LIHTCPB Section 8
- Elk Ridge Manor LIHTC
- Jackson Place Apartments LIHTCPB Section 8
Nearby subsidized housing (within ~10 km)
| Property | Location | Distance |
|---|---|---|
| Auburn Place Apts LIHTC | Elk River | 1.4 km |
| Auburn Place Apts LIHTC | Elk River | 1.4 km |
| Lanesboro Heights PB Section 8 | Elk River | 2.4 km |
| Lanesboro Heights PB Section 8 | Elk River | 2.4 km |
| Greenway Terrace LIHTCPB Section 8§811 PRA | Ramsey | 10.7 km |
| Pheasant Ridge LIHTC | Albertville | 10.8 km |
| Albertville Meadows LIHTC | Albertville | 11.4 km |
| Sunwood Village LIHTCPB Section 8 | Ramsey | 11.4 km |
← All subsidized housing in Elk River
Frequently asked questions
What kind of subsidy does Elk Terrace have?
Low-Income Housing Tax Credit (LIHTC). LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.
How much is rent at Elk Terrace?
Rents are income-based: expect to pay roughly 30% of adjusted monthly household income under the building's federal program.
How do I apply at Elk Terrace?
Contact the management office at 385 Holt Ave in Elk River. Ask whether the waitlist is open, request an application, and claim any preferences you qualify for. There is never a fee to apply for HUD-subsidized housing.