|Studio (St./1)||-||Call for Price|
Building on the successful model of Archdale Apartments, Aeon opened St. Barnabas Apartments in 2005 to provide stable housing for formerly homeless and at-risk youth.
St. Barnabas offers 24-hour on-site support services to assist youth in achieving their employment, education and self-sufficiency goals. The convenient downtown Minneapolis location is near employment opportunities, public transit lines and several colleges - giving youth access to stabilizing opportunities.
Aeon partners with YouthLink to guide and encourage youth toward self-sufficiency, self-empowerment and healthy connections. YouthLink staff assists youth at goal setting and learning independent living skills. A front desk staffed 24 hours a day offers added support.
The development was a historic preservation of a 1910 addition to St. Barnabas Hospital. The building had been vacant for decades when Allina Hospitals and Clinics donated it to Aeon in 2001.
Adjacent to St. Barnabas is The Summit, 13 apartments for low-income working adults. Residents at The Summit have a separate, private entrance to the building.
The positive impact of St. Barnabas on the lives of at-risk youth was recognized in 2008 by the Fannie Mae Foundation and the Partnership to End Long Term Homelessness.
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, monthly rent cannot exceed the Tax Credit maximum rent for the area. Households earning less than 60% of the area median income qualify for units with reduced rent. Some rental units in this property may not be subject to LIHTC and therefore may be set at levels higher than the area's LIHTC limits.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
St. Barnabas Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.
Figuring out income and rent limits for affordable housing can be complex when more than one Federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.