Bicentennial Towers Senior Housing
4 E Alexandrine St
Detroit, Wayne County, Michigan 48201

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Funding Programs

Bicentennial Towers Senior Housing 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.

Section 8

Bicentennial Towers Senior Housing has a project-based Section 8 contract. 299 of the 300 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 May 01, 2014 and the contract expires on April 30, 2019. The Section 8 contract rent is 166.9% 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 and $863.00 for Two 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.

Overview

Bicentennial Towers Senior Housing 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).

Bicentennial Towers Senior Housing is an apartment community containing 299 rental units. The property contains 347 bedrooms and based on typical apartment occupancy limits, Bicentennial Towers Senior Housing is home to not more than 568 persons when fully occupied.

Rent Subsidies

Bicentennial Towers Senior Housing 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.

Unit Mix

Bicentennial Towers Senior Housing contains a mix of 299 assisted one and two bedroom apartments for rent. There are 251 One Bedroom and 48 Two Bedroom apartments in this property. The unit mix is 84% One Bedroom and 16% Two Bedroom apartment rentals. The average bedroom size for Bicentennial Towers Senior Housing is 1.16.

Michigan's 14th

Congressional District

299

Total Units

299

Project Based Sec. 8 Units

166.9

% of Fair Market Rent

30-Apr-19

Project Based Sec. 8 Contract Expiration

One and Two

Unit Mix

1.16

Average Bedroom Size

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