The Adams is managed by Aeon.
The Adams offers 76 efficiency apartment units that are home primarily to lower-income working people with incomes at 40% of median income or less. Some apartments are designated for individuals with incomes at or below 30% of median income.
The streetscape surrounding The Adams incorporates historic lighting, attractive plantings and public gateway art heralding the entryway to downtown Minneapolis and the Elliot Park neighborhood.
In 1991, Aeon saved this condemned and boarded historic building in the Elliot Park South 9th Street Historic District from being demolished and turned into a parking lot.
The Adams is an important barrier against the encroachment of downtown and helps preserve the residential character of the neighborhood.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | - | From $442 To $536 |
One Bedroom (1/1) | - | From $643 To $725 |
Day | Hours |
---|---|
Monday | 10:00am-5:00pm |
Tuesday | 10:00am-5:00pm |
Wednesday | 10:00am-5:00pm |
Thursday | 10:00am-5:00pm |
Friday | 10:00am-5:00pm |
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.