1820 West Broadway Avenue, Minneapolis, MN 55411
Waiting List Forecast: Likely Short or None
Verified for 2023 by Lorena Bentley, Sherman Marketing| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
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Located on the iconic curve of West Broadway Avenue in the Jordan neighborhood, Beam delivers 72 mixed-income apartments (50% and 60% AMI) and 20 townhomes (80% AMI) to the community of North Minneapolis.
Opening fall 2022, we are now accepting applications by appointment only. Contact our team for more information and to schedule an appointment to reserve your new home!
Join our email list: Property Website
Contact our Leasing Team by phone 612-439-4603 or Email
Beam is your place to shine, bringing 72 income-restricted apartment homes and 20 income-restricted townhomes to the community of North Minneapolis.
Located on the iconic curve of West Broadway Avenue in the Jordan neighborhood, Beam honors the vibrancy and momentum of the Northside with easy access to neighborhood shopping, public transportation, and downtown Minneapolis amenities.
Take the spotlight and choose from our variety of 1-bedroom, 2-bedroom, and 3-bedroom apartment homes and 3-bedroom townhomes, complete with modern finishes, fully equipped kitchen with GE© appliances, in-home washer/dryer, and a private balcony or patio. Expand your living space with indoor/outdoor amenities featuring Club Room with shuffleboard table, Outdoor Patio lounge with grills, Fitness Center, Outdoor Tot Lot, and more.
A brighter lifestyle awaits, at Beam.
Beam participates in affordable housing programs. Income limits do apply to all homes.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Beam Apartments & Townhomes does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $43,500 / year | $49,700 / year | $55,900 / year | $62,100 / year | $67,100 / year | $72,050 / year | $77,050 / year | $82,000 / year |
| 50% AMI for PBRA Units | $43,500 / year | $49,700 / year | $55,900 / year | $62,100 / year | $67,100 / year | $72,050 / year | $77,050 / year | $82,000 / year |
| 60% AMI for LIHTC Units | $52,200 / year | $59,640 / year | $67,080 / year | $74,520 / year | $80,520 / year | $86,460 / year | $92,460 / year | $98,400 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Beam Apartments & Townhomes have a waiting list?
Beam Apartments & Townhomes probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Beam Apartments & Townhomes?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Beam Apartments & Townhomes?
Beam Apartments & Townhomes is managed by Sherman Associates headquartered in Minneapolis, MN.
In addition to Beam Apartments & Townhomes, how many other affordable housing properties (and units) are there in Minneapolis?
In addition to Beam Apartments & Townhomes, we list 365 other affordable properties in Minneapolis. Learn about these properties here. Our data research shows that there are a total of 20949 affordable units in Minneapolis.
When was the Beam Apartments & Townhomes listing last updated?
Beam Apartments & Townhomes listing on Affordable Housing Online was last updated on 11/07/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
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