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Integrated Affordable Housing at The Hall Lofts Apartments in Minneapolis’ North Loop Neighborhood

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Affordable Housing Opportunities at The Hall Lofts

The Hall Lofts is among the pioneering apartment communities in the North Loop, designed in alignment with the Minneapolis 2040 Comprehensive Plan. This plan includes an Inclusionary Zoning (IZ) policy, ensuring a portion of the apartments in The Hall Lofts are offered at an affordable rate, as set yearly by the City of Minneapolis. 28 units have been designated at The Hall Lofts as affordable. Please contact the leasing office if you have any questions regarding the application process. See frequently asked questions and our requirements for this program below.

Bedroom with large windows

AfFordable apartment lottery

In cooperation with the Minneapolis 2040 Comprehensive Plan, we are excited to introduce a leasing lottery for our Inclusionary Zoning (IZ) units as part of our affordability program. We’re launching with three separate lotteries, one for each building. Each lottery will remain open for 10 days, after which we will forward the participant lists to the city for random selection and approval.

The lottery entry forms are open on Monday, May 13th, and end on Thursday, May 23rd.

Starting May 13th, you’ll find links below to enter the lotteries. We recommend you sign up for all three buildings to increase your chances, as the city of Minneapolis will shuffle the order of the lists.

Before entering, please make sure to read the qualifications listed below to ensure you meet the program requirements.

After the city has randomized the lists and sent them back to us, we’ll start contacting individuals in the order provided. We’ll keep going down the list until either all units are leased or we’ve contacted everyone.

Should any IZ units remain after the lottery, we will list them alongside our standard units on our floor plans page. These will be marked with “IZ” to distinguish them from the market-rate apartments.

FREQUENTLY ASKED QUESTIONS

Please read below for the frequently asked questions about the IZ/ integrated affordable housing program at The Hall Lofts.

What are IZ apartments?

Certain apartments at The Hall Lofts are designated as inclusionary, which means they have a limit to the amount we can charge for rent.

These homes are part of an initiative to bring integrated affordable housing in Minneapolis and have income limits.

What is an income limit? What does an income limit mean?

The income limit for an affordable housing program is the maximum amount of gross income a household can earn based on a city or county’s Area Median Income (AMI).

How do you calculate income?

This is not meant to be a complete list. Contact our leasing staff for more details.

  • Tenants need to qualify based on household income- adjust for their household size- at the time of their initial lease. Income is defined as the gross amount of income anticipated to be received by all members of the household, with some exceptions, during the twelve (12) month period following the certification.
  • Income calculations may include assets or other non-employment income.
  • The leasing staff will verify all sources of income when you apply and will re-certify your income every year while you live here.

What is considered income?

This is not meant to be a complete list. Contact our leasing staff for more details.

Income includes, but is not limited to:

  • Employment Income
  • Self-employment income
  • Social Security, pensions, SSI, or disability income, AFDC
  • Unemployment compensation
  • Alimony or child support payments
  • Recurring contributions and gifts
  • Income from assets- interest, stocks, bonds, real estate, etc.

    Who qualifies for a IZ apartment home at The Hall Lofts?

    To qualify for a home included in the IZ program at The Hall Lofts, the gross income of the entire household must be less than 60% of the area median income (AMI).

    Are the IZ units any different from the market rate units?

    No, the IZ units are approved by the city of Minneapolis to be an equal mix of everything we offer at The Hall Lofts.

    How do I apply/get approved for a IZ unit?

    As a community policy, each applicant must submit their proof of income to prove their household gross income is greater than 2.5x of the base rent of their selected unit. This proof of income is also used to ensure the household is within the income limit of our units.

    Applicants will need to fill out forms providing details about their household income, family makeup, student status, and financial assets. This information will help the office team assess your eligibility. The office staff is available to support you throughout the application process. Once all documents are completed, the application is sent to the City of Minneapolis for approval.

    What are the 60% AMI limits for The Hall Lofts?

    The area median income for Minneapolis/The Hall Lofts is listed below. If you are above the designated household income you do not qualify. 

    AREA MEDIAN INCOME LIMITS 50%:

    INCOME MAXIMUMS BELOW

    Studio:
    • 1 occupant: $52,200
    • 2 occupant: $59,640
    One Bed:
    • 1 occupant: $52,200
    • 2 occupants: $59,640
    • 3 occupants: $67,080
      Two Bed:
      • 1 occupant: $52,200
      • 2 occupants: $59,640
      • 3 occupants: $67,080
      • 4 occupants: $74,520
      • 5 occupants: $80,520
      Learn More about Minneapolis Inclusionary Zoning