822 North Minnesota Avenue, Sioux Falls, SD 57103
Waiting List Forecast: Likely Short or None
Verified for 2020 by Marley Grafsgard| 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.
Welcome to Minnesota Apartments, it's not just an apartment, it's home. At Minnesota Apartments, you can live in comfort while still being close to a great range of parks, shops, and schools. Minnesota Apartments offers a choice of one (1), two (2) or three (3) bedroom homes with floor plans that range from 603 to 1,119 square feet of living space and include either one (1) or two (2) bathrooms. All of the apartments offer modern, spacious and have beautiful large windows to allow plenty of natural light to flood the home. Residents can also enjoy access to a range of facilities such as a fully-fenced playground and a community room while living within walking distance from Falls Park and downtown Sioux Falls. For peace of mind, there is controlled access to the homes and an elevator for convenience.
***Income guidelines do apply to homes in the Minnesota Apartments.***
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Minnesota Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, 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) | - | Call for Price† |
| 2 Bedroom (2/1) | 861ft2 | Call for Price† |
| 3 Bedroom (3/2) | 1ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $33,600 / year | $38,400 / year | $43,200 / year | $48,000 / year | $51,850 / year | $55,700 / year |
| 50% AMI for PBRA Units | $33,600 / year | $38,400 / year | $43,200 / year | $48,000 / year | $51,850 / year | $55,700 / year |
| 60% AMI for LIHTC Units | $40,320 / year | $46,080 / year | $51,840 / year | $57,600 / year | $62,220 / year | $66,840 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Minnesota Apartments have a waiting list?
Minnesota 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 Minnesota 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 Minnesota Apartments?
Minnesota Apartments is managed by Lloyd Companies headquartered in Sioux Falls, SD.
In addition to Minnesota Apartments, how many other affordable housing properties (and units) are there in Sioux Falls?
In addition to Minnesota Apartments, we list 118 other affordable properties in Sioux Falls. Learn about these properties here. Our data research shows that there are a total of 4686 affordable units in Sioux Falls.
Housing options for renters with a criminal record.
A criminal history does not automatically disqualify a renter from federal housing assistance. But more serious offenses may make you inelligible if they were recent.Douglas Cook says:
"Affordable Housing Online is a good resource to keep you updated."