Industrial-stevens Building
1410 Washington Boulevard
Detroit, Wayne County, Michigan 48226

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Funding Programs

Industrial-stevens Building 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

Industrial-stevens Building has a project-based Section 8 contract. 163 of the 165 total units at the property receive Section 8 assistance. This means that 99% 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 April 01, 2008 and the contract expires on March 31, 2021. The Section 8 contract rent is 127.8% 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

Industrial-stevens Building 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).

Industrial-stevens Building is an apartment community containing 163 rental units. The property contains 179 bedrooms and based on typical apartment occupancy limits, Industrial-stevens Building is home to not more than 284 persons when fully occupied.

Rent Subsidies

Industrial-stevens Building 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

Industrial-stevens Building contains a mix of 163 assisted one and two bedroom apartments for rent. There are 147 One Bedroom and 16 Two Bedroom apartments in this property. The unit mix is 90% One Bedroom and 10% Two Bedroom apartment rentals. The average bedroom size for Industrial-stevens Building is 1.08.

Michigan's 14th

Congressional District

163

Total Units

163

Project Based Sec. 8 Units

127.8

% of Fair Market Rent

31-Mar-21

Project Based Sec. 8 Contract Expiration

One and Two

Unit Mix

1.08

Average Bedroom Size

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