215 1st Ave N, Grand Forks, ND 58203
Waiting List Forecast: Likely Short or None
Verified for 2022 by Bobby Kiefert, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | 733 - 1,057 Sq Ft |
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.
Since the flood of 1997, the City of Grand Forks, and especially its downtown have been revitalized by redevelopment, investment and a renewed interest in living and working downtown. Several major planning and redevelopment exercises “reimagined†downtown, resulting in a revitalized historic central business district with a new Corporate Center, elegantly restored buildings, upgraded infrastructure, streetscape enhancements and unique public art spaces and mini-parks.
To ensure that future development is compatible with and enhances the substantial investments made downtown, the City established the Downtown Design Guidelines and established a Downtown Study Group to examine critical downtown development goals. Based on the strength of the downtown housing market, that group made a strong recommendation for further residential development and released a request for proposals to redevelop key downtown sites. MetroPlains was selected for its proposal to develop a three story apartment building to serve the mixed income rental housing market. The site is overlooking the Red River and abutting the new flood protection levee.
There will be a series of individual entries to access the apartments on the first floor facing North 3rd Street to maintain a pedestrian scale streetscape and to enhance the vibrant downtown community. Within the building, there will be two primary common areas, on the first and second floors. The main community space will be available for tenant use, and will contain entertainment features such as a large screen television, galley kitchen, and ample seating. The other community spaces are intended for gathering as well as conferences and work areas.There will be forty apartments ranging in size from 981 square feet to 1057 square feet. Tenants will have views of either the river or the downtown skyline. There are 57 parking spaces available on the property, for use by the residents at no charge. The Current is affordable housing - income restrictions do apply.
Because The Current 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. Depending on the number of HOME-designated units, additional units may have even lower household income requirements and corresponding lower rent caps.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 BR (1/1) | 733ft2 | Rent is Based On Your Income† |
| 1 BR (1/1) | 765ft2 | Rent is Based On Your Income† |
| 2 BR (2/1) | 1057ft2 | Rent is Based On Your Income† |
| 2 BR (2/1) | 940ft2 | Rent is Based On Your Income† |
| 2 BR (2/1) | 970ft2 | Rent is Based On Your Income† |
| 2 BR (2/1) | 980ft2 | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $33,500 / year | $38,300 / year | $43,100 / year | $47,850 / year |
| 50% AMI for PBRA Units | $33,500 / year | $38,300 / year | $43,100 / year | $47,850 / year |
| 60% AMI for LIHTC Units | $40,200 / year | $45,960 / year | $51,720 / year | $57,420 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Current Apartments have a waiting list?
The Current 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 The Current 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 The Current Apartments?
The Current Apartments is managed by MetroPlains Management, LLC headquartered in Devils Lake, North Dakota.
In addition to The Current Apartments, how many other affordable housing properties (and units) are there in Grand Forks?
In addition to The Current Apartments, we list 55 other affordable properties in Grand Forks. Learn about these properties here. Our data research shows that there are a total of 1159 affordable units in Grand Forks.
3397 Primrose Ct, Grand Forks, North Dakota 58201
600 1st Ave N, Grand Forks, North Dakota 58203
1224 Walnut Street, Grand Forks, North Dakota 58201
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