Glenwood Lp
173 Glenwood Avenue
Minneapolis, Hennepin County, Minnesota 55405

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Funding Programs

Glenwood Lp 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 1993. The property was placed in service in 1995. 80 of 80 units at Glenwood Lp 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

Glenwood Lp 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).

Glenwood Lp is an apartment community containing 80 rental units. The property contains 80 studio bedrooms and based on typical apartment occupancy limits, Glenwood Lp is home to not more than 80 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

Glenwood Lp contains a mix of 80 assisted studio bedroom apartments for rent. There are 80 Studio apartments in this property. The unit mix is 100% Studio apartment rentals. The average bedroom size for Glenwood Lp is .

Minnesota's 5th

Congressional District

80

Total Units

80

Tax Credit Units

Studio

Unit Mix

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