8330 On The River
8330 E. Jefferson
Detroit, Wayne County, Michigan 48214

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About The Property:

8330 On The River is a high-rise building located on the banks of the Detroit River, and includes 280 apartments affordable to low-income elderly residents. The balconies at 8330 On The River offer beautiful views of the Detroit River out to Belle Isle, at a time when the city's waterfront is undergoing dramatic restoration. 8330 On The River offers many conveniences to its residents besides its central location near downtown: the 18-story property features a handsome lobby, community rooms and a beauty salon. Professional management services, including 24-hour emergency response, are offered by Preservation Housing Management (PHM).

Unit Information

Unit Bed/Bath Rent
One Bedroom 1/1 $
Two Bedroom 2/1 $
One Bedroom w/ Den 1/1 $-648

Property Amenities

  • Library
  • Laundry Room
  • 24hr Emergency Maintenance

Unit Amenities

  • Air Conditioning
  • Window Coverings
  • Carpet
  • Refrigerator

Nearby Amenities

  • Close to Dining
  • Close to Shopping

Managed By Preservation Housing Management

Funding Programs

8330 On The River was developed and operates with Federal housing financing. The property utilizes the Low Income Housing Tax Credit Federal housing program to make rent affordable to lower income tenants.

Low Income Housing Tax Credit

The property was developed using the Low Income Housing Tax Credit Program. This program incentivizes investors to inject capital into rental apartments for lower income Americans. . 259 of 280 units at 8330 On The River are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was not located in a Qualified Census Tract or a Difficult Development Area and was not qualified for additional tax credit funding.

Overview

8330 On The River is an affordable apartment community located in Detroit, Michigan which is located in Wayne County. The property is located in Michigan's 14th Congressional District served by Representative Brenda Lawrence (D), Senator Gary Peters (D) and Senator Debbie Stabenow (D).

8330 On The River is an apartment community containing 280 rental units. This property serves seniors. The property contains 332 bedrooms and based on typical apartment occupancy limits, 8330 On The River is home to not more than 550 persons when fully occupied.

Rental Subsidies

This property does not provide any Federal rent subsidies to renters reducing total tenant payments to 30% of their adjusted income. Renters are required to pay the full rent, even if it is in excess of 30% of their income. In some cases the property may accept Section 8 Housing Choice vouchers.

Unit Mix

8330 On The River contains a mix of 280 assisted one and two bedroom apartments for rent. There are 228 One Bedroom and 52 Two Bedroom apartments in this property. The unit mix is 81% One Bedroom and 19% Two Bedroom apartment rentals. The average bedroom size for 8330 On The River is 1.19.

Michigan's 14th

Congressional District

280

Total Units

259

Tax Credit Units

259

Senior Units

One and Two

Unit Mix

1.19

Average Bedroom Size

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† These counts are estimates based on the data available from HUD. Learn More About Our Data