Island View Village Townhomes
232 E Grand Boulevard
Detroit, Wayne County, Michigan 48207

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Funding Programs

Island View Village 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 1999. The property was placed in service in 2000. 28 of 28 units at Island View Village 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

Island View Village 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).

Island View Village Townhomes is an apartment community containing 28 rental units. The property contains 74 bedrooms and based on typical apartment occupancy limits, Island View Village Townhomes is home to not more than 147 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

Island View Village Townhomes contains a mix of 28 assisted one, two, and three bedroom apartments for rent. There are 1 One Bedroom, 8 Two Bedroom, and 19 Three Bedroom apartments in this property. The unit mix is 4% One Bedroom, 29% Two Bedroom, and 68% Three Bedroom apartment rentals. The average bedroom size for Island View Village Townhomes is 2.64.

Michigan's 14th

Congressional District

28

Total Units

28

Tax Credit Units

One, Two, and Three

Unit Mix

2.64

Average Bedroom Size

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