Paige Hall

727 5th Ave S, Minneapolis, MN 55415

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Colleen Carter, Ric Gresia

Rent	Beds	Baths	SqFt
$500 - 775 per Month^†	Studio - 2 Beds	1 Bath	-

Call (612) 333-9284

Waitlist Forecast

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.

Paige Hall's efficiency and one-bedroom apartment homes serve households earning 50% or less of the area median income. Its convenient downtown Minneapolis location is convenient for individuals working nearby service sector jobs.

Aeon partnered with Twin Cities Housing Development Corporation to renovate Paige Hall in 1989. The historic building was vacant and vulnerable to the encroaching commercial downtown Minneapolis.

The renovation of Paige Hall helped preserve affordable housing and protect the residential character of the Elliot Park neighborhood.

Dave's Thoughts On Paige Hall

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 Paige Hall 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

Paige Hall Amenities

Community Room
On-Site Manager
Handicapped Accessible
Landscaping
Smoke Free
On Bus-line
On-Site Laundry

Units at Paige Hall

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	$500 $515^†
Two Bedroom (2/1)	-	$555 $775^†

Income Qualification for Paige Hall

*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
50% AMI for LIHTC Units	$43,500 / year	$49,700 / year	$55,900 / year	$62,100 / year
50% AMI for PBRA Units	$43,500 / year	$49,700 / year	$55,900 / year	$62,100 / year
60% AMI for LIHTC Units	$52,200 / year	$59,640 / year	$67,080 / year	$74,520 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Paige Hall

Does Paige Hall have a waiting list?

Paige Hall 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 Paige Hall?

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 Paige Hall?

Paige Hall is managed by Aeon headquartered in Minneapolis, Minnesota.

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

In addition to Paige Hall, 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.