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.
8 permits on record since 2018 · $127K total declared value · Most recent: Feb 2026 (commercial minor)
Northern's Benjamin Franklin Plumbing
Standard Heating and Air Conditioning Inc
Holmlund Masonry Inc
COLSON CUSTOM HOMES LLC
Standard Heating and Air Conditioning Inc
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Steven's Square - Loring Heights · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1056
Urban Neighborhood 2 — moderate-density residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
Setbacks
Estimated Buildable Footprint
Corner-lot envelopes may require contextual setback review and should be treated as planning estimates.
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 228 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | ANDREW & SHELBY MAY-PARMLEY | CONDOMINIUM | $430,000 | 0 ft |
| 230 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | D K MA & P PANAGIOTAKIS | CONDOMINIUM | $421,000 | 0 ft |
| 232 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | CHRISTIAN J MROZEK RV INT TR | CONDOMINIUM | $385,000 | 0 ft |
| 233 GROVELAND AVE MINNEAPOLIS MN 55403 | RFC FIELDS LLC | COMMERCIAL-PREFERRED | $401,800 | 70 ft |
| 300 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | JAMES WALSH & MAUREEN WALSH | CONDOMINIUM | $452,000 | 85 ft |
| 300 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | STEVEN JAMES PELOQUIN | CONDOMINIUM | $409,000 | 85 ft |
| 300 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | J S SIREK & S R LYKINS | CONDOMINIUM | $404,000 | 85 ft |
| 300 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | ADRIENNE ESTES O'BRIEN ET AL | CONDOMINIUM | $336,000 | 85 ft |
| MN | Unknown | — | — | 85 ft |
| 222 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | D J DIRKX & R J BEHR TRUST | CONDOMINIUM | $413,000 | 103 ft |