Franklin Lane Apartments

1827 S Ferry St, Anoka, Minnesota 55303

Franklin Lane has 1 and 2 bedroom apartments and offers seniors friendly, accessible carefree living at an affordable price. All utiliites are included in the rent except for a small monthly charge for a/c usage during the summer months. Located just three blocks from downtown Anoka, restaurants and shopping are all within walking distance of Franklin Lane, giving residents all the convenience and comfort of a small town atmosphere. The monthly newsletter informs you of organized daily activities and events going on in all three of the community rooms, which can also be used for personal entertaining. Rental assistance is available to those who qualify. Please call today for additional information.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom One Bath (1/1)	560	Call for Price
Two Bedroom One Bath (2/1)	835	Call for Price

Eligibility for Franklin Lane Apartments

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Anoka but actual income limits may differ for units at Franklin Lane Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
50%	$43,500	$49,700	$55,900	$62,100

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Anoka but actual income limits may differ for units at Franklin Lane Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$43,500	$49,700	$55,900	$62,100
Low Income (60%)	$52,200	$59,640	$67,080	$74,520

Franklin Lane Apartments Details

66 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)
Section 236

Property Amenities

Many Activities
Community Room
Laundry Facility

Unit Amenities

Utilities Included
Spacious floor plans

Nearby Amenities

Close to Downtown District
Close to Shopping
Nearby Parks and Recreation

Office Hours

Day	Hours
Monday	9:00am-5:00pm
Tuesday	9:00am-5:00pm
Thursday	9:00am-5:00pm
Friday	9:00am-5:00pm

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 236

Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.