Maryland House Aka The Maryland
1346 Lasalle Ave
Minneapolis, Hennepin County, Minnesota 55403

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Funding Programs

Maryland House Aka The Maryland was developed and operates with Federal housing financing. The property utilizes the Project Based Sec. 8 Federal housing program to make rent affordable to lower income tenants.

Section 8

Maryland House Aka The Maryland has a project-based Section 8 contract. 79 of the 79 total units at the property receive Section 8 assistance. This means that 100% of the renter households in the property pay no more than 30% of their adjusted income for rent.

The current Section 8 contract was effective on January 08, 1981 and the contract expires on January 07, 2021. The Section 8 contract rent is 113% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $813.00 for One Bedroom and $1,027.00 for Two Bedroom.

31% of Minnesota properties and 26% of all properties across the country have Section 8 rental subsidies. See the Rent Subsidies section for more.

Overview

Maryland House Aka The Maryland 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).

Maryland House Aka The Maryland is an apartment community containing 79 rental units. The property contains 83 bedrooms and based on typical apartment occupancy limits, Maryland House Aka The Maryland is home to not more than 128 persons when fully occupied.

Rent Subsidies

Maryland House Aka The Maryland provides rental subsidies to renters. The type of subsidy provided to apartment renters in Minneapolis, MN by this property is Project Based Sec. 8.

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 a minimum rent payment of not less than $25 and as much as $50 for all subsidy recipients at this property. That means that even if a renter has zero income, they will still be required to pay rent. In recent years, there have been various legislative proposals to increase the Section 8 minimum rent but advocates make the valid point that minimum rents affect the poorest of the poor.

Unit Mix

Maryland House Aka The Maryland contains a mix of 79 assisted one and two bedroom apartments for rent. There are 75 One Bedroom and 4 Two Bedroom apartments in this property. The unit mix is 95% One Bedroom and 5% Two Bedroom apartment rentals. The average bedroom size for Maryland House Aka The Maryland is 1.05.

Minnesota's 5th

Congressional District

79

Total Units

79

Project Based Sec. 8 Units

113

% of Fair Market Rent

07-Jan-21

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