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Low Income (LIHTC)Waitlist Closed

Broadway Flats

2505 Penn Ave N, Minneapolis, MN, 55411

Information verified May 8, 2026ยทWe re-check waiting list status daily

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About This Property

Broadway Flats contains 103 low-income units in Minneapolis and has been in service since 2016. The property includes 10 studios, 78 one-bedroom units, and 15 two-bedroom units, serving families and disabled residents. The development uses 4% Low-Income Housing Tax Credits to support its affordability.

Waitlist Information

Waitlist managed by Public Housing Authority in and for the City of Minneapolis

Public Housing Waitlist
Closed

The Public Housing waitlist is currently closed. Information regarding future openings is not available on this page.

Last verified May 7, 2026
Section 8 (HCV) Waitlist
Closed

The Housing Choice Voucher (HCV) waitlist is currently closed. Information regarding future openings is not available on this page.

Last verified February 28, 2026

Waitlist data provided by section8waitlist.org

Updated May 8, 2026

Property Details

Total Units
103
Studio
10
1 Bedroom
78
2 Bedroom
15

Fair Market Rent - Hennepin County, MN

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

BedroomsFMR
Studio/Efficiency$1,174
1 Bedroom$1,327
2 Bedroom$1,622
3 Bedroom$2,188
4 Bedroom$2,478

Income Limits - Hennepin County, MN

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person
Extremely Low (30%)
$22,050
Very Low (50%)
$36,750
Low (80%)
$55,950
2 Persons
Extremely Low (30%)
$25,200
Very Low (50%)
$42,000
Low (80%)
$63,950
3 Persons
Extremely Low (30%)
$28,350
Very Low (50%)
$47,250
Low (80%)
$71,950
4 Persons
Extremely Low (30%)
$31,450
Very Low (50%)
$52,450
Low (80%)
$79,900
5 Persons
Extremely Low (30%)
$34,000
Very Low (50%)
$56,650
Low (80%)
$86,300
6 Persons
Extremely Low (30%)
$36,500
Very Low (50%)
$60,850
Low (80%)
$92,700
7 Persons
Extremely Low (30%)
$40,120
Very Low (50%)
$65,050
Low (80%)
$99,100
8 Persons
Extremely Low (30%)
$44,660
Very Low (50%)
$69,250
Low (80%)
$105,500

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Tax Credit Program Details

Year Placed in Service
2016
LIHTC Credit Type
4%
Low-Income Units
103 / 103
Target Population
FamiliesDisabledGeneral Occupancy/ Single HOH w/ Minor Children + Individuals and Households of Color/ Single Women/
Designations
Qualified Census Tract

Frequently Asked Questions

What is the average rent for affordable housing in Minneapolis, MN?+

The Fair Market Rent (FMR) for Hennepin County, MN is: $1174 (Studio), $1327 (1BR), $1622 (2BR), $2188 (3BR), $2478 (4BR). Actual rent at subsidized properties like Broadway Flats is typically 30% of household income or less.

What size apartments are available at Broadway Flats?+

Broadway Flats offers the following unit types: 10 Studio, 78 One-Bedroom, 15 Two-Bedroom units, for a total of 103 units.

Is there a waitlist for Broadway Flats?+

Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.

Who manages Broadway Flats?+

Broadway Flats is managed by . You can reach them at . Visit their website for more information.

What are the income limits for affordable housing in Hennepin County, MN?+

For a 4-person household in Hennepin County, MN, the income limits are: Extremely Low Income (30% AMI): $31,450, Very Low Income (50% AMI): $52,450, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.

Who is eligible to live at Broadway Flats?+

Broadway Flats primarily serves families, persons with disabilities, General Occupancy/ Single HOH w/ Minor Children + Individuals and Households of Color/ Single Women/. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.

What is the price range for apartments in Minneapolis, MN?+

Based on Fair Market Rent for Hennepin County, the estimated price range is: 1-bedroom: $1327, 2-bedroom: $1622. Actual rent at Broadway Flats may be lower for income-eligible households.

How do I apply for housing at Broadway Flats?+

Broadway Flats is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.

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Walk Score

Very Walkable

78
Walk
48
Transit
80
Bike

Nearby Schools

Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.

Location

Hennepin County, MN

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Housing Resources in Minneapolis, MN

HUD-Approved Counseling Agencies

AFRICAN DEVELOPMENT CENTER OF MINNESOTA

Pre-Purchase CounselingPre-Purchase Homebuyer Education Workshops

BUILD WEALTH MINNESOTA, INC

Mortgage Delinquency and Default Resolution CounselingPre-Purchase CounselingPre-Purchase Homebuyer Education Workshops

ISUROON

Pre-Purchase CounselingPre-Purchase Homebuyer Education WorkshopsFinancial