Join us at Riverwood Apartments, located just a few minutes from beautiful downtown Cannon Falls. This property is funded through USDA's Rural Development Affordable Housing Program. When we have Rental Assistance available, household's who income qualify will pay rent based on 30% of their gross income. For those over the income limit or when Rental Assistance is not available, we offer competitive rental rates. A $35 per adult application fee, as well as a $500.00 security deposit are due with the completed application. All adult applicants must pass a criminal and credit check. The initial maximum number of residents allowed is equal to two persons per bedroom. Each unit is limited to no more than two unrelated or four related adults. A related adult is defined as either a child, dependent, or parent of the head of household. All adult applicants must pass a criminal and credit check. This institution is an equal opportunity provider and employer.
APPLICATION Click HERE to access an application for Riverwood Apartments. SECURITY DEPOSIT + APPLICATION FEE A security deposit of $500 and an application fee of $35/adult are due with the completed application. OCCUPANCY The initial maximum number of residents in a unit is equal to two persons per bedroom unless otherwise stated in the property's Resident Selection Plan, where applicable. Each unit is limited to no more than two unrelated or four related adult persons per unit. Lloyd Management defines a related adult person as either a child, dependent, or parent of the head of household. General occupancy standards and any federal, state, or local housing ordinances will supersede this policy. INCOME RESTRICTIONS Income restrictions apply depending on household size.   HOUSEHOLD SIZE 50% AMI 80% AMI 1 Person $33,900 $59,700 2 People $38,750 $67,450 3 People $43,600 $75,200 4 People $48,400 $82,950.