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.
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Developer: |
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City Investment: |
$1.5 million CPED Affordable Housing Trust Fund $3.9 million Tax-exempt Multifamily Rental Housing Entitlement Bonds |
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Total Development Cost: |
$7.78 million |
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Number of Units: |
37 |
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Number of Affordable Units: |
23 units available at 50 percent area median income, 14 units at or below 60 percent AMI |
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Parking: |
41 spaces – some below-grade, some covered |
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Construction Began: |
Fall 2007 |
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Completion Date: |
Summer 2008 |
October 2007
Last updated Oct. 28, 2011