Lamoreaux Addition - Opportunity Housing Expa 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 2001.
The property was placed in service in 2003.
31 of 39
units at Lamoreaux Addition - Opportunity Housing Expa are low income and subject to the tax credit program.
The property, at the time of the tax credit allocation,
was located in
a Qualified Census Tract qualifying it for additional tax credit financing.
Lamoreaux Addition - Opportunity Housing Expa 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).
Lamoreaux Addition - Opportunity Housing Expa is an apartment community containing 39 rental units.
The property contains 39 studio bedrooms and based on typical apartment occupancy limits, Lamoreaux Addition - Opportunity Housing Expa
is home to not more than 39† persons when fully occupied.
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.
Lamoreaux Addition - Opportunity Housing Expa contains a mix of 39 assisted
studio bedroom apartments for rent. There are 39 Studio apartments in this property. The unit mix is 100% Studio apartment rentals. The average bedroom size for Lamoreaux Addition - Opportunity Housing Expa is .