East Phillips Commons

2909 Bloomington Ave, Minneapolis, MN 55407

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Connor Bailey, Sherman Marketing, Joshua Cappell

Rent	Beds	Baths	SqFt
$1,072 per Month^†	Studio - 3 Beds	1 - 2 Baths	-

Call (612) 324-1232 Email

Waitlist Forecast

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.

East Phillips Commons is a 3-story apartment building built in 2004, providing quality housing for today's diverse lifestyles. It is part of a thriving urban development located in the East Phillips neighborhood of South Minneapolis. East Phillips Commons provides 1, 2, and 3-bedroom apartment homes for an affordable rate.

Phillips Commons welcomes four-legged residents at a max of two per apartment, and a weight limit of 30 lbs. There is a $300 non-refundable Pet Fee. Breed restrictions apply.

Dave's Thoughts On East Phillips Commons

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 East Phillips Commons 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. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes.

~ Dave Layfield, Founder of Affordable Housing Online

East Phillips Commons Amenities

Elevator
Playground
Community Room
Close to Downtown District
Laundry Room
Balconies or Patios Available
Smoke Free
Picnic Area

Units at East Phillips Commons

Unit (Bd/Ba)	Ft²	Rent
studio (Studio/1)	-	Call for Price^†
1 Bedroom (1/1)	632ft²	$1,072^†
2 Bedroom (2/1)	-	Call for Price^†
3 Bedroom (3/2)	-	Call for Price^†

Income Qualification for East Phillips Commons

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people
50% AMI for LIHTC Units	$43,500 / year	$49,700 / year	$55,900 / year	$62,100 / year	$67,100 / year	$72,050 / year
50% AMI for PBRA Units	$43,500 / year	$49,700 / year	$55,900 / year	$62,100 / year	$67,100 / year	$72,050 / year
60% AMI for LIHTC Units	$52,200 / year	$59,640 / year	$67,080 / year	$74,520 / year	$80,520 / year	$86,460 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for East Phillips Commons

Does East Phillips Commons have a waiting list?

East Phillips Commons 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 East Phillips Commons?

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 East Phillips Commons?

East Phillips Commons is managed by Sherman Associates headquartered in Minneapolis, MN.

In addition to East Phillips Commons, how many other affordable housing properties (and units) are there in Minneapolis?

In addition to East Phillips Commons, we list 365 other affordable properties in Minneapolis. Learn about these properties here. Our data research shows that there are a total of 20859 affordable units in Minneapolis.