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 2024 MTSP Income Limits, income maximums are set as follows:

Occupancy
1 Person
2 Persons 
3 Persons
4 Persons 

Max Total Income
$43,500
$49,700
$55,900
$62,100

Unit Size Rent
Studio
Alcove
1 Bed (rehab unit)
2 Bed (rehab unit)

Rent
$990
$990
$1,085
$1,305

Min. Income Req.
$23,760
$23,760
$26,040
$31,320

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 2024 MTSP Income Limits, income maximums are set as follows:

Occupancy
1 Person
2 Persons 
3 Persons
4 Persons 

Max Total Income
$43,500
$49,700
$55,900
$62,100

Unit Size Rent
Studio
Alcove
1 Bed (rehab unit)
2 Bed (rehab unit)

Rent
$990
$990
$1,085
$1,305

Min. Income Req.
$23,760
$23,760
$26,040
$31,320