Financing ownership subsidy limits and sales prices

You can see current the affordability and subsidy limits for homes. The numbers are based on number of bedrooms and area median income (AMI).

2024-2025 subsidy limits

*All projects must demonstrate at application that a buyer can purchase a home at the maximum affordable price.

  • PAH properties must sell at this price at completion.
  • Recapture projects are sold for fair market value based on an appraisal.

^Actual subsidy is based on demonstrated need.

 

80% AMI Studio 1 br 2 br 3 br 4+ br

Max. affordable price*
Set at 70% AMI

 $154,500 $175,500 $199,500 $223,500 $235,000
Max. combined subsidy^ $155,000 $205,000 $225,000 $250,000 $360,000
60% AMI Studio 1 br 2 br 3 br 4+ br
Max. affordable price*
Set at 50% AMI		 $95,500 $108,500 $123,500 $139,000 $144,500
Max. combined subsidy^ $210,000 $270,000 $300,000 $335,000 $420,000
40% AMI Studio 1 br 2 br 3 br 4+ br
Max. affordable price*
Set at 30% AMI		 $37,700 $41,000 $48,000 $54,500 $53,500
Max. combined subsidy^ $270,000 $335,000 $375,000 $420,000 $515,000

Income limits

Limits come from HUD and are updated yearly.

  • They are applicable as of the date of application release date, but may adjust thereafter.
  • They are typically updated in April.

Confirm current HUD limits

 

  1 2 3 4 5 6 7 8
80% AMI $62,600 $78,250 $88,050 $97,800 $105,650 113,450 $121,300 $129,100
60% AMI $60,850 $69,550 $78,250 $86,950 $93,900 $100,850 $107,800 $114,750
40% AMI $52,150 $59,600 $67,050 $74,500 $80,500 $86,450 $92,400 $98,350

Contact us

Minneapolis Homes

Community Planning and Economic Development (CPED)

Email Minneapolis Homes

Address

Public Service Building
505 Fourth Ave. S., Room 320
Minneapolis, MN 55415