About Joseph Selvaggio Initiative

Joseph Selvaggio Initiative is a 30 unit affordable housing community in Minneapolis, Minnesota. The community is located in the 5th Congressional District of Minnesota.

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