Artspace Hastings River Lofts

121 Tyler Street, Hastings, Minnesota 55033

Contact Artspace Hastings River Lofts

Artspace Hastings River Lofts is located at 121 Tyler Street, on the corner of Tyler Street and East 2nd Street, downtown Hastings' historic main street.

Artspace Hastings River Lofts, a new three-story, 49,000-square-foot structure, was built on what has served as a parking lot for the past decade.

The 37 unit building will include 4 studio units, 17 one-bedroom units, 12 two-bedroom units, and 4 three-bedroom units. These units will include open floorplans, floor to ceiling windows, loft ceilings, walk-in closets, custom cabinetry, dishwashers, and views of the Mississippi River. The property will be a family friendly building with a surface parking lot and off-street parking, a resident gallery, and outdoor gathering, event, and performance space. Located in the heart of downtown Hastings, Artspace Hastings River Lofts will be within walking distance of cafes, restaurants, retail businesses, and arts center.

Unit (Bd/Ba)	Ft²	Rent
Efficiency (Studio/1)	670	Call for Price
One Bedroom (1/1)	800	Call for Price
Two Bedroom (2/1)	1080	Call for Price
Two Bedroom (2/2)	1100	Call for Price
Three Bedroom (3/2)	1340	Call for Price

Eligibility for Artspace Hastings River Lofts

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 Hastings but actual income limits may differ for units at Artspace Hastings River Lofts.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$43,500	$49,700	$55,900	$62,100	$67,100	$72,050
Low Income (60%)	$52,200	$59,640	$67,080	$74,520	$80,520	$86,460

Artspace Hastings River Lofts Details

37 studio, one, two and three bedroom units.
Water and Sewer utilities included in rent
Heat utility included in rent
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Community Room
On-Site Manager
On-Site Parking
Bicycle Storage
Laundry Facilities

Unit Amenities

Utilities Included
Storage
Spacious floor plans
High Ceilings

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.