4041 Hiawatha Ave , Minneapolis, MN 55406
Waiting List Forecast: Likely Short or None
Verified for 2024 by Company Admin, Lorena Bentley| 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.
LIMITED TIME OFFER: Apply TODAY and enjoy 2 MONTHS FREE!*
Enjoy modern living at Millworks Lofts where you will find luxurious features and amenities at an affordable price! Located on Hiawatha in the Longfellow neighborhood of Minneapolis, Millworks is conveniently located near Downtown Minneapolis and the MSP Airport. Just steps from your door you have access to public transportation that will take you anywhere in the cities you desire. The community is surrounded by a charming neighborhood that is filled with family-owned stores and restaurants. Millworks Lofts features spacious floorplans with modern finishes like stainless steel appliances and quartz kitchen counter tops. It also has amazing amenities like a rooftop deck and geothermal heating. Don’t miss out on this great opportunity and apply online today!
Call (763) 452-3167 today!
*Millworks Lofts participates in an affordable housing program. Household income & student status limitations apply. Please call for more details. Some restrictions apply.
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 Millworks Lofts 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. 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. 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 Millworks Lofts have a waiting list?
Millworks Lofts 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 Millworks Lofts?
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 Millworks Lofts?
Millworks Lofts is managed by Dominium headquartered in Plymouth, MN.
In addition to Millworks Lofts, how many other affordable housing properties (and units) are there in Minneapolis?
In addition to Millworks Lofts, we list 246 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 Millworks Lofts listing last updated?
Millworks Lofts listing on Affordable Housing Online was last updated on 02/12/2024 by Company Admin. Remember, a property's status can change so you should contact the property to confirm.
2910 E Franklin Ave, Minneapolis, Minnesota 55406
Do you have little or no income?
Be aware that some housing assistance programs have a minimum income requirement, such as Low-Income Housing Tax Credit aparments.Vickie Fields-Byrd says:
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