Minnehaha Commons

3001 East Lake Street, Minneapolis, MN 55406

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Connor Bailey, Lorena Bentley, Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	Studio Bed	1 Bath	-

This property is currently under construction.

Construction will begin in October 2018 and is expected to be completed in fall 2019.

Minnehaha Commons is 3 story, brick and sided apartment building located on East Lake Street in Minneapolis. The project was designed for adults over the age of 55 who have experienced homelessness. Minnehaha Commons is located in the Longfellow neighborhood. There are 44 studio apartments. The building is fully handicap accessible.

Capital funding requires that tenants must earn less than 50% of area median income ($35,000 for a single adult) at move-in. Studios rent for $500 – $692 per month. All utilities are paid by the owner. Most will earn significantly less and the property can offer rent assistance from a variety of sources. There is also a wholistic set of services available through Touchstone Mental Health.

Minnehaha Commons is a secure building with controlled entry. The building has card operated laundry facilities on the first floor. Each unit has its own heat and air conditioning. A lovely community room with kitchen facilities is available on the first floor for tenant gatherings or community meetings.

Dave's Thoughts On Minnehaha 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 Minnehaha 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. As a LIHTC property that chose the 20/50 election, this property has agreed to set aside at least 20% of its units for families and individuals earning 50% of Area Median Income (AMI). Many of these 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 very low incomes.

~ Dave Layfield, Founder of Affordable Housing Online

Minnehaha Commons Amenities

Controlled Access
Community Room
On-Site Manager
Handicapped Accessible
Laundry Facilities
Heat and Air
Community Kitchen

Units at Minnehaha Commons

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Call for Price^†

Income Qualification for Minnehaha 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	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.

FAQs for Minnehaha Commons

Does Minnehaha Commons have a waiting list?

Minnehaha 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 Minnehaha 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 Minnehaha Commons?

Minnehaha Commons is managed by Property Solutions & Services, LLC headquartered in Minneaplois, MN.

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

In addition to Minnehaha 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.