5359 Minnehaha Ave, Minneapolis, MN 55417
Waiting List Forecast: Likely Short or None
Verified for 2023 by Bobby Kiefert, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 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.
Vantage Flats Apartments are designed to be eco-friendly from the inside out. Within you will find Green elements such as energy efficient lighting and appliances, and a design that enables fresh air to flow naturally throughout the building. Outside you will find an environment that allows for greenery to flourish in an urban neighborhood, and a location that makes it easy to choose the Light Rail for transportation. It is also just a quick walk to the beautiful, 193 acre Minnehaha Park.
Because Vantage Flats 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 BR (1/1) | - | Rent is Based On Your Income† |
| 2 BR (2/1) | - | Rent is Based On Your Income† |
| 3 BR (3/2) | - | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 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 |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Vantage Flats have a waiting list?
Vantage Flats 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 Vantage Flats?
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 Vantage Flats?
Vantage Flats is managed by MetroPlains Management, LLC headquartered in Devils Lake, North Dakota.
In addition to Vantage Flats, how many other affordable housing properties (and units) are there in Minneapolis?
In addition to Vantage Flats, 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 Vantage Flats listing last updated?
Vantage Flats listing on Affordable Housing Online was last updated on 01/03/2023 by Bobby Kiefert. Remember, a property's status can change so you should contact the property to confirm.
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