The Adams

500 South 10th Street, Minneapolis, MN 55404

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Colleen Carter, Ric Gresia

Rent	Beds	Baths	SqFt
$442 - 725 per Month^†	Studio - 1 Bed	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.

The Adams offers 76 efficiency apartment units that are home primarily to lower-income working people with incomes at 40% of median income or less. Some apartments are designated for individuals with incomes at or below 30% of median income.

The streetscape surrounding The Adams incorporates historic lighting, attractive plantings and public gateway art heralding the entryway to downtown Minneapolis and the Elliot Park neighborhood.

In 1991, Aeon saved this condemned and boarded historic building in the Elliot Park South 9th Street Historic District from being demolished and turned into a parking lot.

The Adams is an important barrier against the encroachment of downtown and helps preserve the residential character of the neighborhood.

Dave's Thoughts On The Adams

Because The Adams 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

The Adams Amenities

On-Site Manager
On-Site Parking
Smoke Free
On-Site Laundry

Units at The Adams

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	$442 $536^†
One Bedroom (1/1)	-	$643 $725^†

Income Qualification for The Adams

*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 The Adams

Does The Adams have a waiting list?

The Adams 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 The Adams?

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 The Adams?

The Adams is managed by Aeon headquartered in Minneapolis, Minnesota.

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

In addition to The Adams, we list 246 other affordable properties in Minneapolis. Learn about these properties here. Our data research shows that there are a total of 20949 affordable units in Minneapolis.