The Evergreen
177 Glenwood Ave
Minneapolis, Hennepin County, Minnesota 55405

Call (855) 598-3283, enter extension 59908, then hit #.

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Funding Programs

The Evergreen 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 1998. The property was placed in service in 2000. 88 of 88 units at The Evergreen 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

The Evergreen 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).

The Evergreen is an apartment community containing 88 rental units. The property contains 88 studio bedrooms and based on typical apartment occupancy limits, The Evergreen is home to not more than 88 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

The Evergreen contains a mix of 88 assisted studio bedroom apartments for rent. There are 88 Studio apartments in this property. The unit mix is 100% Studio apartment rentals. The average bedroom size for The Evergreen is .

Minnesota's 5th

Congressional District

88

Total Units

88

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