Lyndale Avenue Townhomes
611 W 83rd St
Minneapolis, Hennepin County, Minnesota 55420

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Funding Programs

Lyndale Avenue Townhomes 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 1999. The property was placed in service in 2002. 23 of 23 units at Lyndale Avenue Townhomes 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

Lyndale Avenue Townhomes 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).

Lyndale Avenue Townhomes is an apartment community containing 23 rental units. The property contains 58 bedrooms and based on typical apartment occupancy limits, Lyndale Avenue Townhomes is home to not more than 116 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

Lyndale Avenue Townhomes contains a mix of 23 assisted two and three bedroom apartments for rent. There are 11 Two Bedroom and 12 Three Bedroom apartments in this property. The unit mix is 48% Two Bedroom and 52% Three Bedroom apartment rentals. The average bedroom size for Lyndale Avenue Townhomes is 2.52.

Minnesota's 5th

Congressional District

23

Total Units

23

Tax Credit Units

Two and Three

Unit Mix

2.52

Average Bedroom Size

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