Commerce Building Apartments - St Paul

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Housing Program(s)Section 42Bedrooms1, 2 Bedroom units.

The Commerce Building is proudly part of the tax-credit program.

As a participant, they are able to provide you with unique apartments at prices that still fit within your budget.

Tax Credit apartments are governed by section 42 of the IRS code, which is why they are sometimes called Section 42 housing.

This program was set in place in 1980 as a program designed to assist median income households.

The rent amounts for tax credit apartments are set based on 30%, 40%, 50%, or 60% of the median gross income for the area.

The occupants of these apartments must, therefore, be at or below 30%, 40%, 50%, or 60% of the median gross income for the area, adjusted for household size.

1 bedroom apartments at location
2 bedroom apartments at location