Stonehouse Square Apartments

215 Broadway Street NE, Minneapolis, Minnesota 55413

Contact Stonehouse Square Apartments

This property is a unique award-winning renovated historical site in the NE Minneapolis Arts District. It's conveniently located on an MTC bus line, near the U of M, downtown Minneapolis, East Hennepin and I-35W and I-94. Individually designed apartments, some with lofts. Garages and ample off-street parking. Landscaped grounds with putting green. Now offering free Wi-Fi in community room! New landscaping coming spring of 2015!

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	590	From $846 To $904
One Bedroom (1/1)	665	From $850 To $1,108
Two Bedroom (2/1)	920	From $1,109 To $1,302

Eligibility for Stonehouse Square Apartments

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 Stonehouse Square Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
30%	$26,100	$29,800	$33,550	$37,250
50%	$43,500	$49,700	$55,900	$62,100
80%	$66,300	$75,750	$85,200	$94,650

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 Stonehouse Square Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$43,500	$49,700	$55,900	$62,100

Stonehouse Square Apartments Details

71 studio, one and two bedroom units.
Water and Sewer utilities included in rent
Heat utility included in rent
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Fitness Center
Playground
BBQ and Picnic Area
Community Room
Underground Parking
On-Site Maintenance
Heat Included

Unit Amenities

Dishwasher
Garbage Disposal
Water Included
Heat and Air

Nearby Amenities

Close to Public Transportation

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.