Cherry Ridge Apartments
101 Glenwood Ave, Mankato, MN 56001
34 1BR, 43 2BR, 6 3BR
- Apartments
- 83
- Income-restricted
- 63
- Placed in service
- 2008
Minnesota
Tax credit apartments in Mankato, MN
HUD's database lists 10 properties in Mankato built or rehabbed with low-income housing tax credits: 700 apartments, 640 of them income-restricted. Rents in those units are capped while each property's affordability agreement runs, and you qualify by income; many properties still keep waiting lists.
Equal housing opportunity. Tax credit properties must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin, and they may not refuse an applicant because the applicant holds a Housing Choice (Section 8) voucher (IRC 42(h)(6)(B)(iv)). Properties HUD lists as senior housing may limit who lives there by age only as the Fair Housing Act's housing-for-older-persons exemption allows. To report housing discrimination, call HUD at 1-800-669-9777.
LIHTC Atlas does not own, manage or rent these apartments and does not take applications. Contact each property's management for availability, rents and income rules. Listings come from HUD's database and may be out of date.
Colonial Square Apartments
300 Ramsey Street, Mankato, MN 56001
54 1BR, 23 2BR
- Apartments
- 77
- Income-restricted
- 77
- Placed in service
- 2021
Dublin Crossing
920 Patriot Dr, Mankato, MN 56001
12 1BR, 25 2BR, 13 3BR
- Apartments
- 50
- Income-restricted
- 50
- Placed in service
- 2018
Dublin Road Townhomes
Multiple Building Addresses, Mankato, MN 56002
20 2BR, 20 3BR
- Apartments
- 40
- Income-restricted
- 31
- Placed in service
- 2004
Eastport Apartments
1400 Pohl Rd, Mankato, MN 56001
18 1BR, 36 2BR, 24 3BR
- Apartments
- 78
- Income-restricted
- 78
- Placed in service
- 2014
Gus Johnson Plaza
413 4th St N, Mankato, MN 56001
HUD lists it as senior housing · 107 1BR, 1 2BR
- Apartments
- 108
- Income-restricted
- 108
- Placed in service
- 2015
Homestead Apartments
Multiple Building Addresses, Mankato, MN 56001
40 1BR, 64 2BR, 16 3BR
- Apartments
- 120
- Income-restricted
- 96
- Placed in service
- 2000
Mankato Townhomes
Multiple Building Addresses, Mankato, MN 56002
12 2BR, 12 3BR
- Apartments
- 24
- Income-restricted
- 24
- Placed in service
- 2000
Rosa Place
520 Timberwolf Drive, Mankato, MN 56001
15 1BR, 30 2BR, 15 3BR
- Apartments
- 60
- Income-restricted
- 60
- Placed in service
- 2019
Sibley Park Apartments
410 Sibley Pkwy, Mankato, MN 56001
10 1BR, 28 2BR, 22 3BR
- Apartments
- 60
- Income-restricted
- 53
- Placed in service
- 2013
Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024). Properties a state agency has flagged as no longer monitored are left out; properties placed in service after 2024 are not in HUD's database yet.
How tax credit apartments work
Each income-restricted unit has a maximum rent set from the area's income limits: gross rent, including a utility allowance for tenant-paid utilities, can't go above 30% of the income limit for the unit's size. The rent doesn't change with your own income, so a household near the bottom of the range pays the same rent as one near the top. That's different from public housing or a voucher, where you pay a share of what you earn.
To qualify, your household's income has to be at or under the limit the unit is set at, usually 50% or 60% of the area median, and up to 80% in some buildings. Management checks income, and assets, when you apply. A household made up entirely of full-time students generally can't qualify, with exceptions in IRC 42(i)(3)(D) such as single parents and married students filing jointly. More on qualifying.
You can apply with a Housing Choice voucher, and the property can't turn you down because you have one.