Greysolon Plaza

231 E Superior St, Duluth, Minnesota 55802

Greysolon Plaza, located at 231 E Superior St in Duluth, has one bedroom apartments. Greysolon Plaza participates in the Section 8 Project-Based Rental Assistance and Low-Income Housing Tax Credit (LIHTC) programs.

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price

Greysolon Plaza Details

  • 151 one bedroom units.
  • Heat utility included in rent
  • Project-Based Rental Assistance

Property Amenities

  • Controlled Access
  • Fitness Center
  • Community Room
  • Library
  • On-Site Management
  • Online Payments Accepted
  • 24 Hour Maintenance
  • Laundry Facility
  • Heat Included

About Greysolon Plaza

Greysolon Plaza is located in the heart of Downtown Duluth, you are able to enjoy shopping, restaurants, arts and entertainment with ease. Right outside you will find the main bus lines offering convenient access to all points of interest in the Twin Ports. Greysolon Plaza also has a downtown skyway connection for access to medical facilities, banks, etc. This community is committed to the health and happiness of Its residents, with a professional and caring on-site management staff.

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Duluth HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Duluth but actual income limits may differ for units at Greysolon Plaza.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,200 $17,400 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% $25,350 $29,000 $32,600 $36,200 $39,100 $42,000 $44,900 $47,800
80% $40,550 $46,350 $52,150 $57,900 $62,550 $67,200 $71,800 $76,450

Duluth Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Duluth but actual income limits may differ for units at Greysolon Plaza.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $25,350 $29,000 $32,600 $36,200 $39,100 $42,000 $44,900 $47,800
Low Income (60%) $30,420 $34,800 $39,120 $43,440 $46,920 $50,400 $53,880 $57,360

These general income qualifications for Duluth, Minnesota should only be used as a basic guide. To find out if you qualify, contact the community directly.

Greysolon Plaza was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD-Assisted Housing. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since Greysolon Plaza has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Greysolon Plaza is managed by Sherman Associates.

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Image of Greysolon Plaza
Image of Greysolon Plaza