MBG Property Management - Golden Meadows Apartments
Subsidized Housing for Seniors
1415 Prairie Ave SW, Faribault, MN 55021
The resident must meet income guidelines set by the U.S. Department of Housing and Urban Development (HUD). Check with the property management for specific income limits. This type of housing requires at least one resident in the apartment to be a senior. HUD defines an elderly household as a household where at least one person is age 62 or older. Individual properties may have additional eligibility requirements. ADDITIONAL INFORMATION: 62 years and older or mobility impaired
Call for application.
Rents vary according to income and size of apartments.
Rice County, MN
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Privately owned building whose management contracts with either the U.S. Department of Housing and Urban Development (HUD) or the Minnesota Housing Finance Agency to receive rental subsidies This type of property is sometimes referred to as "Project Based Section 8 Housing." Property owner/manager must follow HUD regulations. The government gives funds directly to the apartment owners, who lower the rents they charge tenants with low-income. This type of affordable housing requires at least one resident in the apartment to be a senior. The rental amount paid by the resident is determined based on the resident's income. Some units have a low, fixed rent amount. HUD requires rental housing to provide Equal Housing Opportunity. HUD enforces the Fair Housing Act. More information available online.
03/19/2026
MBG Property Management