About Bloomington Village at Franklin


Bloomington Village at Franklin is a 90 unit affordable housing community in Minneapolis, Minnesota. The community is located in the 5th Congressional District of Minnesota.

Rental Assistance Payments

Since this property has received funding through the HUD Section 236 program and the Rental Assistance Program (RAP), a tenant who earns 50% of the Area Median Income (AMI) or less qualifies for rental assistance. The rental assistance limits the tenant rent contribution to the greater of 10% of their gross income, 20% of their adjusted income, or a designated portion of welfare assistance. If a tenant's income is above the 50% AMI level, they may still qualify to live here but not benefit from the rent subsidy.

Income Limits

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $18,050 $20,600 $23,200 $25,750 $28,440 $32,580 $36,730 $40,890
50% $30,050 $34,350 $38,650 $42,900 $46,350 $49,800 $53,200 $56,650
80% $46,000 $52,600 $59,150 $65,700 $71,000 $76,250 $81,500 $86,750

Low Income Housing Tax Credit

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, monthly rent cannot exceed the Tax Credit maximum rent for the area. Households earning less than 60% of the area median income qualify for units with reduced rent. Some rental units in this property may not be subject to LIHTC, not have income limits and therefore may be set at levels higher than the LIHTC limits below.

Income Limits

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% $30,050 $34,350 $38,650 $42,900 $46,350 $49,800 $53,200 $56,650
60% $36,060 $41,220 $46,380 $51,480 $55,620 $59,760 $63,840 $67,980
Project Based Rental Assistance