West River Commons
4610 E Lake St
Minneapolis, Hennepin County, Minnesota 55406

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Funding Programs

West River Commons 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 2002. The property was placed in service in 2004. 12 of 53 units at West River Commons 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

West River Commons 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).

West River Commons is an apartment community containing 53 rental units. The property contains 64 bedrooms and based on typical apartment occupancy limits, West River Commons is home to not more than 107 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

West River Commons contains a mix of 53 assisted one and two bedroom apartments for rent. There are 42 One Bedroom and 11 Two Bedroom apartments in this property. The unit mix is 79% One Bedroom and 21% Two Bedroom apartment rentals. The average bedroom size for West River Commons is 1.21.

Minnesota's 5th

Congressional District

53

Total Units

12

Tax Credit Units

One and Two

Unit Mix

1.21

Average Bedroom Size

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