Greenhouse Apartments
17300 Southfield Road
Detroit, Wayne County, Michigan 48235

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Funding Programs

Greenhouse Apartments was developed and operates with Federal housing financing. The property utilizes 2 Federal housing programs to make rent affordable to lower income tenants. These programs are Low Income Housing Tax Credit and Project Based Sec. 8.

Section 8

Greenhouse Apartments has a project-based Section 8 contract. 208 of the 209 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, 2008 and the contract expires on April 30, 2028. The Section 8 contract rent is 107.6% 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.

27% of Michigan properties and 26% of all properties across the country have Section 8 rental subsidies. See the Rent Subsidies section for more.

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. The property received a tax credit allocation in 2007 for $995,779 with a 10 year value of $9,957,790. The property was placed in service in 2008. 209 of 209 units at Greenhouse Apartments are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was located in a Qualified Census Tract qualifying it for additional tax credit financing.

Overview

Greenhouse Apartments 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).

Greenhouse Apartments is an apartment community containing 208 rental units. This property serves seniors. The property contains 208 bedrooms and based on typical apartment occupancy limits, Greenhouse Apartments is home to not more than 312 persons when fully occupied.

Rent Subsidies

Greenhouse Apartments 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

Greenhouse Apartments contains a mix of 208 assisted one bedroom apartments for rent. There are 208 One Bedroom apartments in this property. The unit mix is 100% One Bedroom apartment rentals. The average bedroom size for Greenhouse Apartments is 1.

Michigan's 14th

Congressional District

208

Total Units

209

Tax Credit Units

208

Project Based Sec. 8 Units

209

Senior Units

107.6

% of Fair Market Rent

30-Apr-28

Project Based Sec. 8 Contract Expiration

One

Unit Mix

1

Average Bedroom Size

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