The Wellstone-(Franklinportlandgateway Phase Iii)
620 Franklin Ave E, Minneapolis, Minnesota 55404
⬜ Compliance Expired
The Wellstone-(Franklinportlandgateway Phase Iii) is a 49-unit multifamily property located at 620 Franklin Ave E in Minneapolis, Minnesota 55404. Placed in service in 2009 under the LIHTC program, its 15-year compliance period expired in 2024.
Year-15 Compliance Timeline
COMPLIANCE PERIOD ENDEDPlaced in Service
2009
Expiration
2024
2009
2012
2015
2018
2021
2024
✅
Expired 2 years ago
The 15-year compliance period has ended. The property may have already been repositioned or converted.
Compliance Period
15 Years
Years Elapsed
15 / 15
Years Since
2
Property Overview
HUD IDMNA20099009
Year Placed in Service2009
Year-15 Expiration2024
Acquisition Status⬜ Compliance Expired
Unit Breakdown
Total Units49
Low-Income Units37
Low-Income Ratio76%
2022 Tenant Profile
HUD Property-Level Data · Source: HUD LIHTC
Race & Ethnicity of Head of Household
Household Composition
Disability Status
Household Size at Certification
2022 HUD Tenant-Level Data — values <11 masked per HUD non-disclosure rules