Affordable Housing
Income Qualifying Criteria 50% Average Market income (AMI)
Chamberlain will have a portion of “affordable” apartment homes. Applicants must fall at or under 50% of the AMI (Average Market Income) for Minneapolis to receive consideration for approval. Based on 2020 MTSP Income Limits, income maximums are set as follows:
Occupancy
1 Person
2 Persons
3 Persons
4 Persons
Max Total Income
$36,200
$41,400
$46,550
$51,700
Unit Size Rent
Studio
Alcove
1 Bed (rehab unit)
2 Bed (rehab unit)
Rent
$839
$894
$926
$1,106
Min. Income Req.
$20,136
$22,456
$22,224
$26,544