Kettle River Townhomes

About This Building

Program Type: Rural Development & Section 42 - Income Restrictions Affordable Housing Option with Rental Apartments Supported by LIHTC Looking for an affordable place to live? These rental apartments are part of the LIHTC program, which provides incentives to builders and developers to offer affordable housing to low-income individuals. Please note that income and program rent restrictions may apply. Determining Affordability Based on Area Median Income (AMI) The maximum rent charged for these apartments is determined by the Area Median Income (AMI). However, it's important to consider that the AMI may still make these units unaffordable for some low-income individuals. We recommend checking the current rental rates to determine if it meets your affordability criteria. Section 42 Credits: Another Name for LIHTC The LIHTC program is commonly referred to as Section 42 credits, named after the corresponding section in the Internal Revenue Code. These credits play a vital role in providing affordable housing opportunities. Explore Waiting Lists and Direct Application Process Due to high demand, most apartments have waiting lists. To inquire about availability and the application process directly, please contact the management team using the provided phone number. Important Reminder about LIHTC Units When applying for these apartments, please ensure that the income of all adults expected to reside in the unit is included and verified during the application process. Further details can be obtained by calling the provided contact information below. Management and Development Information: Company: CEPCO Management & Development Address: 32 Tenth Ave. S, Suite 109, Hopkins, MN 55343 Services Offered: - Professional Management - Affordable Rents - Heat / Water / Sewer / Trash Included - Accessible Units Available - Playground - Storage Space - Cable Hook-Ups