Bowin Place 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.
Bowin Place has a project-based Section 8 contract. 193 of the 193
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
December 12, 1978 and the contract
February 04, 2019. The Section 8 contract rent is 103.6% 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.
Bowin Place 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).
Bowin Place is an apartment community containing 193 rental units.
The property contains 211 bedrooms and based on typical apartment occupancy limits, Bowin Place
is home to not more than 334† persons when fully occupied.
Bowin Place 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.
Bowin Place contains a mix of 193 assisted
one and two bedroom apartments for rent. There are 175 One Bedroom and 18 Two Bedroom apartments in this property. The unit mix is 91% One Bedroom and 9% Two Bedroom apartment rentals. The average bedroom size for Bowin Place is 1.09.