Fountain Court Cooperative 1-4
3088 Lawton
Detroit, Wayne County, Michigan 48216

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Funding Programs

Fountain Court Cooperative 1-4 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

Fountain Court Cooperative 1-4 has a project-based Section 8 contract. 174 of the 351 total units at the property receive Section 8 assistance. This means that 50% 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 March 01, 2010 and the contract expires on February 28, 2030. The Section 8 contract rent is 95.5% 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, $863.00 for Two Bedroom, $1,148.00 for Three Bedroom, and $1,234.00 for Four 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

Fountain Court Cooperative 1-4 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).

Fountain Court Cooperative 1-4 is an apartment community containing 171 rental units. The property contains 324 bedrooms and based on typical apartment occupancy limits, Fountain Court Cooperative 1-4 is home to not more than 626 persons when fully occupied.

Rent Subsidies

Fountain Court Cooperative 1-4 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

Fountain Court Cooperative 1-4 contains a mix of 171 assisted one, two, three, and four bedroom apartments for rent. There are 44 One Bedroom, 105 Two Bedroom, 18 Three Bedroom, and 4 Four Bedroom apartments in this property. The unit mix is 26% One Bedroom, 61% Two Bedroom, 11% Three Bedroom, and 2% Four Bedroom apartment rentals. The average bedroom size for Fountain Court Cooperative 1-4 is 0.92.

Michigan's 14th

Congressional District

171

Total Units

174

Project Based Sec. 8 Units

95.5

% of Fair Market Rent

28-Feb-30

Project Based Sec. 8 Contract Expiration

One, Two, Three, and Four

Unit Mix

0.92

Average Bedroom Size

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