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Minnehaha Avenue Apartments (Vantage Flats)

53rd and Minnehaha Avenue

Project Description: New construction of a four-story, 37-unit apartment building in the Minnehaha Neighborhood near the Hiawatha Light Rail Line. The projects includes green building elements and sought and received green communities funding from the Family Housing Fund.

Developer:

Metro Plains Development

City Investment: 

$1.5 million CPED Affordable Housing Trust Fund

$3.9 million Tax-exempt Multifamily Rental Housing Entitlement Bonds

Total Development Cost: 

$7.78 million

Number of Units: 

37

Number of Affordable Units: 

23 units available at 50 percent area median income, 14 units at or below 60 percent AMI

Parking:

41 spaces – some below-grade, some covered

Construction Began:

Fall 2007

Completion Date: 

Summer 2008

October 2007

Last updated Oct 28, 2011