Affordable Homes in
Minneapolis, MN
The Elms.
Affordability Types:
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Rent Based on Income
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Tax Credit / HOME
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811 PRAC
Tax Credit / HOME
811 PRAC
Details below.
Tax Credit / HOME
Housing Tax Credit properties, also known as Section 42, provide affordable housing with income and rent restrictions set by the Internal Revenue Service (IRS). The Elms has units designated for three different income limits:
811 PRAC
The 811 PRAC program provides housing for individuals with disabilities and long-term housing instability, in partnership with the Department of Human Services (DHS). Referrals are required through a DHS coordinator.
Amenities.
Relax at Home,
Enjoy the Community
Apartment Amenities
Community Amenities
Floor Plans.
Find Your New Home
The Elms offers the following unit types:
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Studio
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1 Bedroom
Neighborhood.
Located in Minneapolis, MN
The Elms
FAQ.
Your Questions Answered
Water, Trash, Gas
Pets are not allowed in this community.
The application fee is $30.00 per adult. The application fee must be paid prior to application being accepted. Please note that your application fee is non-refundable.
Aeon Management LLC only returns application fees in the rare occurrence that you are rejected for reasons other than stated in our Resident Selection Criteria.
Applicants must also pay a Hold Fee once application screening is approved. This Hold Fee will be applied toward the security deposit when the applicant moves into the development. The Hold Fee will only be returned if the applicant(s) does not income qualify or is otherwise denied for housing.
Aeon Management LLC checks for the following:
- Living History. Applicants may be denied if they owe money to previous landlords or owe money to utility companies as indicated on the Credit Report. Applicants may be denied if they have an Eviction Action within the past 12 months from application date.
- Criminal History. Criminal history that would adversely affect the health, safety, or welfare of other residents or the viability of the property is not allowed. See complete Resident Selection Criteria for Criminal Criteria.
- Income. Applicants must have gross (pre-tax) income equal to or above two and a half times (2.5x) the rent (a Section 8 voucher or comparable subsidy source also may be acceptable). In addition, applicants must meet income restrictions for funding programs where applicable. See complete Resident Selection Criteria document for the specific income limit for your household size.
- Student Status/Homeless Requirements. Applicants must meet student status requirements, as applicable to the funding program on the unit. Additionally, if applicable to the funding program on the unit, applicants must meet homeless requirements. For HOME units only, applicants must meet student status requirements, as applicable to the funding program on the unit.
Contact Us.
Let us know how
we can help
Address
Minneapolis, MN 55404