Join this exciting new community at 3301 Nicollet – a brand new complex bringing 64 income-restricted apartment homes (30% & 50% AMI) to the Lyndale Neighborhood in Minneapolis! This new construction will anchor affordability in a neighborhood experiencing rising rents that are pricing out low-wage workers and very low-income households. This location offers easy access to public transit and to neighborhood amenities such as schools, parks, retail, and services. Site management is on site and maintenance is on call 24/7. Call them today to join their community!
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | 381 | Call for Price |
1 Bedroom (1/1) | 548 | Call for Price |
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.