Ebenezer Park Apartments
2700 Park Ave
Minneapolis, Hennepin County, Minnesota 55407

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Funding Programs

Ebenezer Park Apartments was developed and operates with Federal housing financing. The property utilizes the Section 202 Federal housing program to make rent affordable to lower income tenants.

Section 202

The property was developed with funding through the HUD Section 202 program which provides funding for housing for seniors who are 62 or older. The program provided both capital financing to construct the property and operating subsidies that work as rental assistance like the Section 8 program. Ebenezer Park Apartments is among only 152 Section 202 properties in Minnesota and 6,166 in the country.

Overview

Ebenezer Park Apartments is an affordable apartment community located in Minneapolis, Minnesota which is located in Hennepin County. The property is located in Minnesota's 5th Congressional District served by Representative Keith Ellison (D), Senator Alan Franken (D) and Senator Amy Klobuchar (D).

Ebenezer Park Apartments is an apartment community containing 200 rental units. The property contains 210 bedrooms and based on typical apartment occupancy limits, Ebenezer Park Apartments is home to not more than 325 persons when fully occupied.

Rent Subsidies

Ebenezer Park Apartments provides rental subsidies to renters. The type of subsidy provided to apartment renters in Minneapolis, MN by this property is Section 202 Rental Assistance.

This subsidy allows the renter to pay 30% of his or her income for rent while the subsidy pays the difference. To qualify, a renter must earn 50% or less of the Area Median Income.

There is no minimum rent at this property for residents receiving a rent subsidy but in recent years, there has been discussions in Congress to implement a minimum rent in the Section 202 Program to reduce cost burden on the Federal budget.

Unit Mix

Ebenezer Park Apartments contains a mix of 200 assisted one and two bedroom apartments for rent. There are 190 One Bedroom and 10 Two Bedroom apartments in this property. The unit mix is 95% One Bedroom and 5% Two Bedroom apartment rentals. The average bedroom size for Ebenezer Park Apartments is 1.05.

Minnesota's 5th

Congressional District

200

Total Units

200

Project Based Sec. 8 Units

200

Section 202 Units

200

Senior Units

111.9

% of Fair Market Rent

31-Dec-16

Project Based Sec. 8 Contract Expiration

One and Two

Unit Mix

1.05

Average Bedroom Size

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† These counts are estimates based on the data available from HUD. Learn More About Our Data