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.
2 permits on record since 2022 · $23K total declared value · Most recent: Mar 2024 (misc)
KAUFMAN SHEET METAL ROOFING INC
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 2,612 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3438 11TH AVE S MINNEAPOLIS MN 55407 | J B MCLAIN & K H MCLAIN | RESIDENTIAL-TWO UNIT | $422,800 | 40 ft |
| 3446 11TH AVE S MINNEAPOLIS MN 55407 | MARCIA HOOVER & KIM HOOVER | RESIDENTIAL-TWO UNIT | $371,800 | 40 ft |
| 3434 11TH AVE S MINNEAPOLIS MN 55407 | E A BIRD/E H BIRD/J W BIRD | RESIDENTIAL-TWO UNIT | $372,400 | 80 ft |
| 3450 11TH AVE S MINNEAPOLIS MN 55407 | S R STANLEY & N B BENNETT | RESIDENTIAL | $389,700 | 85 ft |
| 3430 11TH AVE S MINNEAPOLIS MN 55407 | BARBARA C/VAN O ANDERSON TRS | RESIDENTIAL | $543,000 | 120 ft |
| 1012 35TH ST E MINNEAPOLIS MN 55407 | RIVER LORD | RESIDENTIAL | $330,000 | 123 ft |
| 3454 11TH AVE S MINNEAPOLIS MN 55407 | J VERBEKE & T VERBEKE | RESIDENTIAL | $391,200 | 137 ft |
| 3443 10TH AVE S MINNEAPOLIS MN 55407 | RACHEL CHRASTIL ET AL | RESIDENTIAL | $280,300 | 139 ft |
| 3447 10TH AVE S MINNEAPOLIS MN 55407 | N LETHERT & E WELCH | RESIDENTIAL | $382,900 | 145 ft |
| 3439 10TH AVE S MINNEAPOLIS MN 55407 | KYLE J WELCH/MALLORY L WELCH | RESIDENTIAL-TWO UNIT | $471,100 | 145 ft |
Most Recent Sale
Current Tax Year