Gateway Northeast is located in the trendy Northeast Minneapolis neighborhood, a short distance from Downtown Minneapolis. Surrounded by acclaimed restaurants, breweries, the Riverfront District and multi-cultural art it is easy to see why the Northeast is the hottest neighborhood in Minneapolis.
They offer both tax credit and market rate units.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | 436 | Call for Price |
1 Bedroom (1/1) | 532 | Call for Price |
2 Bedroom (2/2) | 951 | 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.