Low Income (LIHTC)Waitlist Closed

Many Rivers East

1518 E Franklin Ave, Minneapolis, MN, 55404

Information verified July 8, 2026·We re-check waiting list status daily

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About This Property

Many Rivers East is a 50-unit affordable housing property in Minneapolis that includes 34 low-income units. The property was placed in service in 2003 and is financed through HOME funds and tax-exempt bonds with 4% LIHTC credits. For more information, contact the property management.

Waitlist Information

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

Public Housing Waitlist

Closed

The Minneapolis PHA is not currently accepting applications for Public Housing. Information regarding future openings will be posted on the website.

Last verified June 23, 2026

Section 8 (HCV) Waitlist

Closed

The Minneapolis PHA is not currently accepting applications for the Housing Choice Voucher (HCV) program. Information regarding future openings will be posted on the website.

Last verified February 28, 2026

Waitlist data provided by section8waitlist.org

Updated July 8, 2026

Property Details

Total Units

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.

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

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

Tax Credit Program Details

Year Placed in Service

2003

LIHTC Credit Type

Low-Income Units

34 / 50

Funding Programs

HOMETax-Exempt Bond

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 Many Rivers East is typically 30% of household income or less.

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.

How do I apply for housing at Many Rivers East?+

Many Rivers East 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.

Is there a waitlist for Many Rivers East?+

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 Many Rivers East?+

Many Rivers East is managed by . You can reach them at . Visit their website for more information.

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