Peris Hill

1930 Hennepin Avenue, Minneapolis, Minnesota 55403

Peris Hill is an innovative affordable housing building in the vibrant Lowry Hill neighborhood of Minneapolis that offers much-needed affordable housing units for qualified, career-oriented adults. Peris Hill offers studio and one-bedroom affordable housing (50-60% AMI) units that will be available for qualified renters who are interested in an active, professional lifestyle. Peris Hill provides an ideal location for career-minded adults looking for easy access to transit, parks, lakes, restaurants, colleges, museums and many other amenities.

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Call for Price
1 Bedroom (1/1)	-	Call for Price
2 Bedroom (2/1)	-	Call for Price

Eligibility for Peris Hill

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 Peris Hill .

AMI Band	1 Person	2 Person	3 Person	4 Person
Low Income (60%)	$52,200	$59,640	$67,080	$74,520

Peris Hill Details

45 studio, one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 8 Project-Based Voucher (PBV)

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.