Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.
HUD — LIHTC Qualified Census Tracts ↗Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.
HUD — LIHTC Qualified Census Tracts ↗Signals are based on public datasets; program eligibility requires verification.
1 permit on record since 2021 · Most recent: Mar 2021 (res)
CenterPoint Energy Resource Corp
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Powderhorn Park · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 85
Zip code 55407
Source: Redfin Data Center (Invalid Date) · Zip 55407
Urban Neighborhood 2 — moderate-density residential
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,485 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3024 14TH AVE S MINNEAPOLIS MN 55407 | KENDRA DAWN FERGUS | RESIDENTIAL-TWO UNIT | $347,100 | 40 ft |
| 3032 14TH AVE S MINNEAPOLIS MN 55407 | TIMOTHY S SPRINGER | APARTMENT | $374,000 | 47 ft |
| 3020 14TH AVE S MINNEAPOLIS MN 55407 | Z F ANTAR & O L ELICK | RESIDENTIAL | $219,500 | 79 ft |
| 3040 14TH AVE S MINNEAPOLIS MN 55407 | EMMA C STORMSEN | RESIDENTIAL | $263,600 | 97 ft |
| 3016 14TH AVE S MINNEAPOLIS MN 55407 | ASAEL GONZALEZ GARCIA | RESIDENTIAL-TWO UNIT | $368,500 | 119 ft |
| 3015 13TH AVE S MINNEAPOLIS MN 55407 | MPLS GOSPEL TABERNACLE | COMMERCIAL-PREFERRED | $0 | 136 ft |
| 3044 14TH AVE S MINNEAPOLIS MN 55407 | JINNING QI | RESIDENTIAL-TWO UNIT | $259,400 | 141 ft |
| 3012 14TH AVE S MINNEAPOLIS MN 55407 | MARK LAMBING/KELLY MCMASTERS | RESIDENTIAL-TWO UNIT | $381,500 | 158 ft |
| 3048 14TH AVE S MINNEAPOLIS MN 55407 | ERICK LEE | RESIDENTIAL-TWO UNIT | $317,600 | 185 ft |
| 3027 14TH AVE S MINNEAPOLIS MN 55407 | BRENDA M SHORT | RESIDENTIAL | $191,000 | 193 ft |
Most Recent Sale
Current Tax Year