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 2018 · Most recent: May 2018 (existres)
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 1,204 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1537 33RD ST E MINNEAPOLIS MN 55407 | C P PRICE & A RINDFLEISCH | RESIDENTIAL | $287,100 | 40 ft |
| 1547 33RD ST E MINNEAPOLIS MN 55407 | CHRISTOPHER JOHN KOVANDA | RESIDENTIAL | $328,800 | 41 ft |
| 3308 16TH AVE S MINNEAPOLIS MN 55407 | BETH FOREST | RESIDENTIAL | $285,100 | 60 ft |
| 3312 16TH AVE S MINNEAPOLIS MN 55407 | BETH FOREST | LOW INCOME RENTAL | $404,000 | 100 ft |
| 3254 16TH AVE S MINNEAPOLIS MN 55407 | MOLINA INVESTMENT GROUP LLC | RESIDENTIAL-TWO UNIT | $467,000 | 122 ft |
| 3305 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | SHAWNY M SENA | RESIDENTIAL | $267,100 | 136 ft |
| 3301 BLOOMINGTON AVE S MINNEAPOLIS MN 55407 | S A SHANNON NEARY/A NEARY | TRIPLEX | $408,000 | 136 ft |
| 3316 16TH AVE S MINNEAPOLIS MN 55407 | BRIAN JAMES HOLTEMEYER ET AL | RESIDENTIAL | $232,900 | 140 ft |
| 3309 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | O E AGANMAYO & B AGANMAYO | RESIDENTIAL | $236,500 | 147 ft |
| 3248 16TH AVE S MINNEAPOLIS MN 55407 | BRANDON LARSON | RESIDENTIAL-TWO UNIT | $403,000 | 166 ft |
Most Recent Sale
Current Tax Year