Across-the-park was developed and operates with Federal housing financing.
The property utilizes the Project Based Sec. 8 Federal housing program to make rent affordable to lower income tenants.
Across-the-park has a project-based Section 8 contract. 200 of the 200
total units at the property receive Section 8 assistance. This means that 100% of
the renter households in the property pay no more than
30% of their adjusted income for rent.
The current Section 8 contract was effective on
January 01, 2011 and the contract
December 31, 2030. The Section 8 contract rent is 116.1% of the Fair Market Rent for the
area. According to the HUD Multifamily database, the fair market rents for the area are $658.00 for One Bedroom.
27% of Michigan properties and
26% of all properties across the country have Section 8 rental subsidies.
See the Rent Subsidies section for more.
Across-the-park 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).
Across-the-park is an apartment community containing 200 rental units.
The property contains 200 bedrooms and based on typical apartment occupancy limits, Across-the-park
is home to not more than 300† persons when fully occupied.
Across-the-park provides rental subsidies to renters. The type of subsidy provided to apartment renters in Detroit, MI by this property is Project Based Sec. 8.
This subsidy allows the renter to pay 30% of his or her income for rent while the subsidy pays
the difference. To qualify, a renter must earn 50% or less of the Area Median Income.
There is a minimum rent payment of not less than $25 and as much as $50 for
all subsidy recipients at this property. That means that even if a renter has zero income, they
will still be required to pay rent. In recent years, there have been various legislative proposals
to increase the Section 8 minimum rent but advocates make the valid point that minimum rents
affect the poorest of the poor.
Across-the-park contains a mix of 200 assisted
one bedroom apartments for rent. There are 200 One Bedroom apartments in this property. The unit mix is 100% One Bedroom apartment rentals. The average bedroom size for Across-the-park is 1.