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Affordable Homes in
Minneapolis, MN

The Wellstone.

Affordability Types:

  • Fixed Rent
  • Tax Credit / HOME
  • Long-Term Homeless
The Wellstone
Affordability Details
Section 8 / Housing Choice Vouchers:
Vouchers Accepted on SELECT UNITS
Age Restricted:
No
Waitlist:
No
Affordability Types:

Fixed Rent

Tax Credit / HOME
Long-Term Homeless

Details below.

Aeon Affordable Communities overlapping houses graphic

Fixed Rent

All Aeon housing is designed to be affordable. These homes are available to households earning 60% of the Area Median Income (AMI) or less.

Income Restrictions (60% AMI) Per Household:
1 Person
52200
2 People
59640
3 People
67080
4 People
74520
5 People
80520
6 People
86400

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). Greenway Terrace has units designated for three different income limits:

Income Restrictions (50% AMI) Per Household:
1 Person
43500
2 People
49700
3 People
55900
4 People
62100
5 People
67100
6 People
72050

Long-Term Homeless

Provides stable, affordable homes with on-site or connected services for individuals and families who have experienced homelessness. Referrals are required through Cabrini.

Amenities.

Relax at Home,
Enjoy the Community

Apartment Amenities

Designer 12-inch tiles throughout the living areas
Carpeted Bedrooms
Designer Cabinetry
Dishwasher
Energy Efficient Appliances
French Balcony
Programmable Thermostat
Walk-in Closets
Washer/Dryer in 2 and 3 Bedroom Floorplans

Community Amenities

Full and French Balconies
Close to Major Highways
Controlled Access
Laundry Room on Each Floor
Native Plantings
On Public Transit Line
On-site Laundry
Rain gardens
Solar Powered Hot Water System
Stunning city views
Trash Chutes
Underground Parking

Floor Plans.

Aeon Affordable Communities overlapping houses graphic

Find Your New Home

The Wellstone offers the following unit types:

  • Studio
  • 1 Bedroom
  • 2 Bedroom
  • 3 Bedroom

FAQ.

Your Questions Answered

What is the pet policy?

Pets are allowed in this community.

Maximum of 2 pets per unit.

$150 deposit for the first pet, $100 for the second pet + $50 nonrefundable fee for dogs.

There is a $20 per month, per pet fee.

What is the application fee?

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.

Do you do a background screening?

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

620 E Franklin Ave
Minneapolis, MN 55404

Leasing Phone

Resident Portal

Your Next Step Awaits.

Find your home with Aeon at The Wellstone.
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