Bottineau Lofts is managed by Sherman Associates.
Bottineau Lofts is located in the heart of the eclectic and always energetic Northeast Minneapolis. The Building offers loft-style apartment living. These unique, yet contemporary homes are the result of an innovative renovation of one of our city’s oldest school buildings. It is the perfect blend of historical charm in a welcoming urban community.
Completed in 1918, the main building of what is now Bottineau Lofts was originally created for the means of serving as an immigrant settlement house. The 3-story brick building was rehabilitated into a total of 37 affordable apartment homes. Due to the building’s listing on the Historical Register, its renovation strictly adhered to the set forth regulations, ensuring that as much of the exterior finishes remained undisturbed.
Restored hardwood floors are offered to residents along with walk-in closets, central air conditioning and heating, and modern kitchens. The property has controlled access, on-site laundry facilities, and surface parking all overlooking Bottineau Park in the vibrant Northeast neighborhood of Minneapolis.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | 572 | From $1,063 |
1 Bedroom (1/1) | 834 | From $1,137 |
2 Bedroom (2/1) | - | Call for Price |
3 Bedroom (3/2) | - | Call for Price |
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 Minneapolis but actual income limits may differ for units at Bottineau 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 |
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.