1434 Marshall St NE, Minneapolis, MN 55413
Waiting List Forecast: Likely Short or None
Verified for 2024 by Sherman Marketing| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,098 - 2,875 per Month† | 1 - 3 Beds | 1 - 2 Baths | - |
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.
River Run Apartments offers residents controlled-access entry, a community room, security cameras, and playground! All of the apartments at River Run are complete with gourmet kitchens, air conditioning, are cable/satellite ready, and come with window coverings. River Run is in a great location; its quiet residential community offers slow streets and convenient access to local schools and parks.
Because River Run Apartments participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 611-919ft2 | $1,098 $1,130† |
| 2 Bedroom (2/1) | 862-1194ft2 | $1,313 $1,345† |
| 3 Bedroom (3/2) | 1133-1212ft2 | $1,875 $2,875† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $26,100 / year | $29,800 / year | $33,550 / year | $37,250 / year | $40,250 / year | $43,250 / year |
| 50% AMI for LIHTC Units | $43,500 / year | $49,700 / year | $55,900 / year | $62,100 / year | $67,100 / year | $72,050 / year |
| 50% AMI for PBRA Units | $43,500 / year | $49,700 / year | $55,900 / year | $62,100 / year | $67,100 / year | $72,050 / year |
| 60% AMI for LIHTC Units | $52,200 / year | $59,640 / year | $67,080 / year | $74,520 / year | $80,520 / year | $86,460 / year |
| 80% AMI for PBRA Units | $66,300 / year | $75,750 / year | $85,200 / year | $94,650 / year | $102,250 / year | $109,800 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does River Run Apartments have a waiting list?
River Run Apartments 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 River Run Apartments?
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 River Run Apartments?
River Run Apartments is managed by Sherman Associates headquartered in Minneapolis, MN.
In addition to River Run Apartments, how many other affordable housing properties (and units) are there in Minneapolis?
In addition to River Run Apartments, 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.
When was the River Run Apartments listing last updated?
River Run Apartments listing on Affordable Housing Online was last updated on 08/29/2024 by Sherman Marketing. Remember, a property's status can change so you should contact the property to confirm.
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