Helisa Square Townhomes
706 W Willis St
Detroit, Wayne County, Michigan 48201

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Funding Programs

Helisa Square Townhomes was developed and operates with Federal housing financing. The property utilizes the Low Income Housing Tax Credit Federal housing program to make rent affordable to lower income tenants.

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 2002. The property was placed in service in 2004. 12 of 12 units at Helisa Square Townhomes 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

Helisa Square Townhomes 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).

Helisa Square Townhomes is an apartment community containing 12 rental units. This property serves all family types. The property contains 38 bedrooms and based on typical apartment occupancy limits, Helisa Square Townhomes is home to not more than 76 persons when fully occupied.

Rental Subsidies

This property does not provide any Federal rent subsidies to renters reducing total tenant payments to 30% of their adjusted income. Renters are required to pay the full rent, even if it is in excess of 30% of their income. In some cases the property may accept Section 8 Housing Choice vouchers.

Unit Mix

Helisa Square Townhomes contains a mix of 12 assisted two, three, and four bedroom apartments for rent. There are 2 Two Bedroom, 6 Three Bedroom, and 4 Four Bedroom apartments in this property. The unit mix is 17% Two Bedroom, 50% Three Bedroom, and 33% Four Bedroom apartment rentals. The average bedroom size for Helisa Square Townhomes is 3.17.

Michigan's 14th

Congressional District

12

Total Units

12

Tax Credit Units

Two, Three, and Four

Unit Mix

3.17

Average Bedroom Size

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