GREENWAY TERRACEIncome-based apartments (LIHTC tax credit · Not Reported AMI) + Section 8 housing (Section 8 PBV) in Ramsey, Minnesota

Question 1

What are the local income limits around Greenway terrace?Open

Answer

Income limits are calculated against the Area Median Income (AMI) for the 55303 zip code. Based on recent Census data, the local median income is $83,391 for a single person, and $119,131 for a four-person household. Your specific income cap depends on the exact subsidy program rules applied by management.

To view how these median figures translate to specific income caps (e.g., 30%, 50%, or 60% AMI limits) for all household sizes, check out the AMI Calculator .

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Our eligibility tool automatically cross-references your household size and gross income with the local AMI database for this property to determine your fit.

Question 2

What are the reported fair market rent amounts for Greenway terrace?Open

Answer

For 55303, the reported fair market rent amounts are Studio $1,200 ($1,080 / $1,320); 1 BR $1,360 ($1,224 / $1,496); 2 BR $1,650 ($1,485 / $1,815); 3 BR $2,180 ($1,962 / $2,398); 4 BR $2,440 ($2,196 / $2,684). These figures are reference points used in housing assistance programs and voucher calculations, but they do not guarantee your lease rent.

Bedroom	90% Standard	SAFMR	110% Standard
Studio	$1,080	$1,200	$1,320
1 BR	$1,224	$1,360	$1,496
2 BR	$1,485	$1,650	$1,815
3 BR	$1,962	$2,180	$2,398
4 BR	$2,196	$2,440	$2,684

The 90%, 100%, and 110% columns show the range around the base SAFMR value for each reported bedroom size. If you are using a voucher or other subsidy, ask management which standard they use for your unit size.

Question 3

How far is the nearest grocery store from Greenway terrace?Open

Answer

Coborn's Marketplace is about 0.48 miles away from Greenway terrace.

Question 4

How far is the nearest school from Greenway terrace?Open

Answer

Pact Charter School is about 0.4 miles away from Greenway terrace.

Question 5

What unit types are reported at Greenway terrace?Open

Answer

This record reports: 1 Bed • 2 Bed • 3 Bed • 4 Bed. Availability can change rapidly, so ask management which layouts are currently open and whether any accessible units are available.

Question 6

How do I contact Greenway terrace to apply?Open

Answer

Use the eligibility checker to see the next step for this listing. Contact details are not shown here, but you can start the process and get your application path from the property page.

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We'll ask a few basic questions and then show the next step.

Question 7

What are the income limits to qualify at Greenway terrace?Open

Answer

Greenway terrace is a Low Income Housing Tax Credit (LIHTC) property. HFA records indicate the income ceiling is set at Not Reported. This means your household income must be at or below that percentage of the Area Median Income (AMI) for ramsey. Based on 2024 Census data, the local median income for the 55303 zip code is $83,391 for a single person and $119,131 for a 4-person household. Management will verify income during the application process.

To view the specific income caps (e.g. 30%, 50%, or 60% AMI limits) for all household sizes, check out the AMI Calculator .

!Check Your Qualification Instantly

Our eligibility tool automatically cross-references your household size and gross income with the local AMI database for this property to determine your fit.

Go to AMI Calculator

Question 8

How long will Greenway terrace remain affordable housing?Open

Answer

LIHTC properties are required by law to remain affordable for a minimum of 30 years from the date they were placed in service (Greenway terrace was placed in service around 2018, so rent restrictions are secured at least until ~2048). After that period, the owner can choose to exit the program or renew. Ask management about the property's current compliance end date.

Question 9

Does Greenway terrace have rental assistance?Open

Answer

Yes. HFA records show this property has state project-based rental assistance. This means qualifying tenants may pay as little as 30% of their adjusted monthly income toward rent, with the assistance contract covering the remainder. Confirm with management which units carry the rental assistance and whether any are currently available.

Question 10

What government programs helped fund Greenway terrace?Open

Answer

In addition to the federal Low Income Housing Tax Credit, this property was also financed with: FHA-insured financing. Layering multiple housing subsidy programs is common and often allows properties to offer deeper affordability or better amenities than LIHTC alone.

Question 11

Is Greenway terrace a new building?Open

Answer

Yes. HFA records classify this as a new construction LIHTC property, meaning units were purpose-built as affordable housing rather than converted from existing stock. New construction properties often feature modern layouts and energy-efficient systems. It's worth asking management about the age of appliances and any known maintenance issues before applying.

Question 12

Who is Greenway terrace designed for?Open

Answer

According to HFA records, this LIHTC property is specifically designated to serve persons with disabilities, formerly homeless individuals, families, N. This means it may have specialized services, accessible units, or preference policies that prioritize these groups. Contact management to understand their current preference and waitlist selection process — being in a designated group does not guarantee priority without a formal application.

Question 13

Does Greenway terrace accept Section 8 or offer income-based rent?Open

Answer

Yes, this property participates in the Project-Based Section 8 program. Unlike a tenant-based voucher that moves with you, this subsidy is attached to the specific building. Eligible tenants generally pay 30% of their adjusted gross income toward rent, and the federal government covers the rest.

Question 14

Who gets priority for Section 8 housing at Greenway terrace?Open

Answer

Federal law requires that at least 40% of available Project-Based Section 8 units each year be reserved for "extremely low-income" families—those earning at or below 30% of the Area Median Income (AMI) or the federal poverty line. If your household income is in this lowest tier, you may have higher priority on the waitlist.

Question 15

Are there background checks for Section 8 housing?Open

Answer

Yes. Federal regulations mandate strict criminal background checks for Section 8 housing. Specifically, anyone subject to a lifetime sex offender registration requirement or convicted of manufacturing methamphetamine on the premises of federally assisted housing is permanently disqualified. Local housing authorities may also have additional screening criteria for recent drug-related or violent offenses.

Question 16

Do I need to be a U.S. citizen to live at Greenway terrace?Open

Answer

Section 8 requires applicants to have U.S. citizenship or eligible immigration status. However, unlike some other rural programs, Section 8 allows for "mixed-status families" (households with both eligible and ineligible members). In this case, your rental assistance would be prorated based on the number of eligible household members.

GREENWAY TERRACEIncome-based apartments (LIHTC tax credit · Not Reported AMI) + Section 8 housing (Section 8 PBV) in Ramsey, Minnesota

Neighborhood & Amenities

Nearest grocery store and school

How rent works

How income limits work

Nearby rent estimates

Services & Accessibility

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Management & Ownership

Who can live here

Before You Apply

Property Standing

✓ HUD Inspection: Good Standing

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