1045 N 7th St, Minneapolis, MN 55411
Waiting List Forecast: Likely Short or None
Verified for 2019 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,356 - 2,473 per Month† | 1 - 3 Beds | 1 - 2.5 Baths | 724 - 1,340 Sq Ft |
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.
Close, convenient and comfortable. These are just a few outstanding qualities that make Heritage Park Apartments one of the most popular and exciting communities in Minneapolis. You will love our pet-friendly spacious one, two and three bedroom apartment homes and townhomes with washer and dryers, modern eat-in kitchens and modern lighting for the best in secluded city living. Enjoy neighborhood events in the community room or unwind in our fitness center, complete with free weights. Enjoy fresh air living in one of our gazebos, bike or hike on a trail, or take the children to one of the playground areas nearby. Conveniently located to a variety of downtown Minneapolis attractions and directly across the street from the Minneapolis Public Library, Heritage Park also has great access to major highways I-94 and I-35. It's Not Just An Apartment...It's Your Home.
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 Heritage Park Phase II 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom Garden Apartment (1/1) | 724ft2 | $1,412 $2,074† |
| 2 Bedroom townhome apartment (2/1.5) | 1064ft2 | $1,409 $2,461† |
| 2 Bedroom Garden Apartment (2/2) | 865ft2 | $1,356 $1,990† |
| 3 Bedroom Garden Apartment (3/2) | 1176ft2 | $1,631 $2,473† |
| 3 Bedroom Townhouse Apartment (3/2.5) | 1340ft2 | Call for Price† |
| 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.
Does Heritage Park Phase II have a waiting list?
Heritage Park Phase II 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 Heritage Park Phase II?
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 Heritage Park Phase II?
Heritage Park Phase II is managed by McCormack Baron Management headquartered in Saint Louis , Missouri.
In addition to Heritage Park Phase II, how many other affordable housing properties (and units) are there in Minneapolis?
In addition to Heritage Park Phase II, 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.
2220 East Lake Street, Minneapolis, Minnesota 55407
2845 Bloomington Avenue South, Minneapolis, Minnesota 55407
16 E 15th St, Minneapolis, Minnesota 55403
2910 E Franklin Ave, Minneapolis, Minnesota 55406
951 Lowry Ave NE, Minneapolis, Minnesota 55418
Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Kieyanah M Banks says:
"Affordable Housing Online helps people to know what to apply for when looking for help on rent."