Oakland Square

2653 Portland Avenue South, Suite100, Minneapolis, Minnesota 55407

Oakland Square Apartments are a collection of small apartment buildings, duplexes and four-plexes all located on the same city block in south Minneapolis. Rents are based on the household income. There are a total of 31 one, two, three and four bedroom apartments, and all of them have been renovated to include new flooring, cabinets and appliances. The convenient location is close to both shopping and bus lines. Off street parking is provided, along with central laundry facilities.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom One Bath (1/1)	788	Call for Price
Two Bedroom One Bath (2/1)	619	Call for Price
Three Bedroom One Bath (3/1)	1248	Call for Price
Four Bedroom One Bath (4/1)	2568	Call for Price

Eligibility for Oakland Square

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Minneapolis but actual income limits may differ for units at Oakland Square.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$26,100	$29,800	$33,550	$37,250	$40,250	$43,250	$46,200	$50,560
50%	$43,500	$49,700	$55,900	$62,100	$67,100	$72,050	$77,050	$82,000
80%	$66,300	$75,750	$85,200	$94,650	$102,250	$109,800	$117,400	$124,950

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 Oakland Square.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$43,500	$49,700	$55,900	$62,100	$67,100	$72,050	$77,050	$82,000
Low Income (60%)	$52,200	$59,640	$67,080	$74,520	$80,520	$86,460	$92,460	$98,400

Oakland Square Details

31 one, two, three and four bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Off-Street Parking
Laundry Facilities
Picnic Area
New and Renovated Apartment Homes

Nearby Amenities

Close to Shopping
Nearby Parks and Recreation
Near Bus Line

Office Hours

Day	Hours
Monday	8:00am-4:00pm
Wednesday	8:00am-4:00pm
Friday	8:00am-4:00pm

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.