About Olson Townhomes

Olson Towne Homes is located in a beautiful and quiet Minneapolis neighborhood. The one, two and three bedroom townhomes all have full basements with laundry hook-ups available. There is full time on-site management and maintenance as well as a central laundry and a community room for resident use. Off street parking is provided, as well as a play area for children. Applications are accepted in the site office.

Olson Townhomes is a 92 unit affordable housing community in Minneapolis, Minnesota. The community is located in the 5th Congressional District of Minnesota.

Project-Based Section 8

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

Income Limits

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $18,050 $20,600 $23,200 $25,750 $28,440 $32,580 $36,730 $40,890
50% $30,050 $34,350 $38,650 $42,900 $46,350 $49,800 $53,200 $56,650
80% $46,000 $52,600 $59,150 $65,700 $71,000 $76,250 $81,500 $86,750
Project Based Rental Assistance
Managed By BDC Management Co.