The LS Black Constructors Housing Team announced the successful closing of the $71M (total development cost), six-story, 160-unit Canvas Apartments project in Northeast Minneapolis. The project features one-, two- and three-bedroom apartment homes and 23,000SF of production space. The building will be open in the spring of 2024. One hundred percent of the apartment homes will be affordable for a minimum of 40 years, serving residents between 30 and 80 percent of AMI. Canvas Apartments will also include five High-Priority Homeless units in partnership with Simpson Housing Services, and 11 Project-Based Section 8 Vouchers in partnership with Minneapolis Public Housing Authority. Canvas Apartments represents LS Black Development’s first-ever project closing and construction start since starting the company. It also represents their first self-developed and constructed project in partnership with LS Black Constructors.