Families Moving Forward
3806 3rd Ave S
Minneapolis, Hennepin County, Minnesota 55409

Call (855) 598-3283, enter extension 59986, then hit #.

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Funding Programs

Families Moving Forward was developed and operates with Federal housing financing. The property utilizes the Low Income Housing Tax Credit Federal housing program to make rent affordable to lower income tenants.

Low Income Housing Tax Credit

The property was developed using the Low Income Housing Tax Credit Program. This program incentivizes investors to inject capital into rental apartments for lower income Americans. The property received a tax credit allocation in 2002. The property was placed in service in 2003. 12 of 12 units at Families Moving Forward are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was not located in a Qualified Census Tract or a Difficult Development Area and was not qualified for additional tax credit funding.

Overview

Families Moving Forward 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).

Families Moving Forward is an apartment community containing 12 rental units. This property serves all family types. The property contains 39 bedrooms and based on typical apartment occupancy limits, Families Moving Forward is home to not more than 78 persons when fully occupied.

Rental Subsidies

This property does not provide any Federal rent subsidies to renters reducing total tenant payments to 30% of their adjusted income. Renters are required to pay the full rent, even if it is in excess of 30% of their income. In some cases the property may accept Section 8 Housing Choice vouchers.

Unit Mix

Families Moving Forward contains a mix of 12 assisted two, three, and four bedroom apartments for rent. There are 1 Two Bedroom, 7 Three Bedroom, and 4 Four Bedroom apartments in this property. The unit mix is 8% Two Bedroom, 58% Three Bedroom, and 33% Four Bedroom apartment rentals. The average bedroom size for Families Moving Forward is 3.25.

Minnesota's 5th

Congressional District

12

Total Units

12

Tax Credit Units

Two, Three, and Four

Unit Mix

3.25

Average Bedroom Size

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