Section 42 Apartments Mn
Has been managing properties in the twin cities surrounding metro area and in various outstate towns since 1990.
Section 42 apartments mn. The residents who live in section 42 units must be income and program eligible. Affordable housing resources and information for renters landlords researchers and policy makers. There may be confusion between what subsidized means and section 42 apartments. Affordable rents that are lower than similar market rate units in the community.
Investors receive a reduction in their tax liability in return for providing affordable housing to people with fixed or lower income. Stone arch 2 affordable apartments in minneapolis mn stone arch apartments 2 is a stylish community of 91 affordable apartments in the highly sought after neighborhood of st. The rent that a section 42 resident will pay is based on a fixed rental fee for the unit size that is lower than the average market rate rent in the area. Section 42 apartments have income and student status guidelines.
What does it offer. Subsidized housing also known as affordable housing is assistance from the government to help people with low to moderate incomes pay for their rent and expenses related to housing. We have 12 properties for rent listed as section 42 apartment minneapolis mn from just 725. The section 42 housing program refers to that section of the internal revenue tax code which provides tax credits to investors who build affordable housing.
Search for affordable apartments in minnesota. For rent section 42 apartment minneapolis mn. Great river views and close proximity to downtown and the u of m make the location one of the best in the twin cities.