About This Property
The Wellstone-Franklinportlandgateway Phase III provides 49 affordable housing units in Minneapolis, serving families and individuals experiencing homelessness. The property offers a range of unit sizes including five studios, six one-bedroom, twenty-five two-bedroom, and thirteen three-bedroom apartments. Built in 2009 and financed through HOME and CDBG funding, this non-profit owned development holds a 9% Low-Income Housing Tax Credit and maintains 37 units designated as low-income housing.
Waitlist Information
Waitlist managed by Public Housing Authority in and for the City of Minneapolis
This waitlist is for 1- or 2-person households where the head of household is 62 years old and up. Household income cannot exceed 80% of the Area Median Income.
The Housing Choice Voucher waitlist is currently closed for new applications. Applicants are eligible if their income is 50% or below of the Area Median Income. Eligibility also requires meeting income guidelines, qualifying as elderly, disabled, or a family, and U.S. citizenship or eligible immigration status.
Waitlist data provided by section8waitlist.org
Updated May 28, 2026
Property Details
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.
| Bedrooms | FMR |
|---|---|
| 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.
- Extremely Low (30%)
- $22,050
- Very Low (50%)
- $36,750
- Low (80%)
- $55,950
- Extremely Low (30%)
- $25,200
- Very Low (50%)
- $42,000
- Low (80%)
- $63,950
- Extremely Low (30%)
- $28,350
- Very Low (50%)
- $47,250
- Low (80%)
- $71,950
- Extremely Low (30%)
- $31,450
- Very Low (50%)
- $52,450
- Low (80%)
- $79,900
- Extremely Low (30%)
- $34,000
- Very Low (50%)
- $56,650
- Low (80%)
- $86,300
- Extremely Low (30%)
- $36,500
- Very Low (50%)
- $60,850
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $65,050
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $69,250
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $22,050 | $36,750 | $55,950 |
| 2 Persons | $25,200 | $42,000 | $63,950 |
| 3 Persons | $28,350 | $47,250 | $71,950 |
| 4 Persons | $31,450 | $52,450 | $79,900 |
| 5 Persons | $34,000 | $56,650 | $86,300 |
| 6 Persons | $36,500 | $60,850 | $92,700 |
| 7 Persons | $40,120 | $65,050 | $99,100 |
| 8 Persons | $44,660 | $69,250 | $105,500 |
Advertisement
Tax Credit Program Details
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 The Wellstone-Franklinportlandgateway Phase Iii is typically 30% of household income or less.
What size apartments are available at The Wellstone-Franklinportlandgateway Phase Iii?+
The Wellstone-Franklinportlandgateway Phase Iii offers the following unit types: 5 Studio, 6 One-Bedroom, 25 Two-Bedroom, 13 Three-Bedroom units, for a total of 49 units.
Who manages The Wellstone-Franklinportlandgateway Phase Iii?+
The Wellstone-Franklinportlandgateway Phase Iii is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at The Wellstone-Franklinportlandgateway Phase Iii?+
The Wellstone-Franklinportlandgateway Phase Iii 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.
Who is eligible to live at The Wellstone-Franklinportlandgateway Phase Iii?+
The Wellstone-Franklinportlandgateway Phase Iii primarily serves families, formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Is there a waitlist for The Wellstone-Franklinportlandgateway Phase Iii?+
Public Housing waitlist is currently Open. 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.
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.
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, 3-bedroom: $2188. Actual rent at The Wellstone-Franklinportlandgateway Phase Iii may be lower for income-eligible households.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near The Wellstone-Franklinportlandgateway Phase Iii
The Jourdain-Franklin Portland Gateway (Phase Ii)
Minneapolis, MN
41 UnitsJoseph Selvaggio Initiative Rehab Pro
Minneapolis, MN
30 UnitsThe Jourdain-Franklin Portland Gateway Phase Ii
Minneapolis, MN
41 UnitsPortland Village
Minneapolis, MN
26 UnitsFranklin-Portland Gateway Phase I
Minneapolis, MN
36 UnitsThe Wellstone-(Franklinportlandgateway Phase Iii)
Minneapolis, MN
49 Units