East Phillips Commons is managed by Sherman Associates.
East Phillips Commons is a 3-story apartment building built in 2004, providing quality housing for today's diverse lifestyles. It is part of a thriving urban development located in the East Phillips neighborhood of South Minneapolis. East Phillips Commons provides 1, 2, and 3-bedroom apartment homes for an affordable rate.
Phillips Commons welcomes four-legged residents at a max of two per apartment, and a weight limit of 30 lbs. There is a $300 non-refundable Pet Fee. Breed restrictions apply.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
studio (Studio/1) | - | Call for Price |
1 Bedroom (1/1) | 632 | $1,072 |
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 East Phillips Commons.
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.