Spirit on Lake

2930 13th Avenue S, Minneapolis, Minnesota 55407

Contact Spirit on Lake

Spirit on Lake Apartments offers 46 beautiful, urban, affordable apartments to the vibrant corner of Lake Street & 13th Avenue South, on the border between the Midtown Phillips and Powderhorn neighborhoods of south Minneapolis. Each apartment is beautifully has a beautifully designed kitchen with island, dishwasher and microwave. The building has controlled access, well-appointed community room and lobby, fitness center with state of the art machinery, outdoor patio area and lovely greenspace.

Eligibility for Spirit on Lake

Spirit on Lake Details

10 bedroom units.
Mid Rise
HOME Investment Partnerships Program
Low-Income Housing Tax Credit (LIHTC)

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

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.