All of which are Section 8 assisted living units. Contract rent for a one-bedroom unit at this housing program is $733, which makes it a very expensive option in Rice County. Note that as a Section 8 tenant, your rent will be based on your income. The unit is 16 more expensive than the fair market price of a non-Section 8 unit, although the rent a Section 8 tenant pays is dependent upon income. all of which are Section 8 assisted living units. Contract rent for a one-bedroom unit at this housing program is $733, which makes it a very expensive option in Rice County. Note that as a Section 8 tenant, your rent will be based on your income. The unit is 16 more expensive than the fair market price of a 4MNK07 non-Section 8 unit, although the rent a Section 8 tenant pays is dependent upon income. Golden Meadows Apartments in Faribault, Minnesota is covered under the Section 8 New Construction S8NC Program. To qualify for the program, you and your family must verify that your combined income is less than 50 of the Area Median Income AMI. The Income Limits table displays the HUD-established income levels for Rice County. To use the table, determine if your family income is less than the Very Low Income amount for your family size this value represents 50 of the Area Median Income. Most Section 8 assistance is granted to families who fall below the Extremely Low or Very Low Income thresholds.