Kercheval Place Townhouse Apartmets.
9131 Kercheval St
Detroit, Wayne County, Michigan 48214

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Funding Programs

Kercheval Place Townhouse Apartmets. 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 2000. The property was placed in service in 2002. 24 of 24 units at Kercheval Place Townhouse Apartmets. 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

Kercheval Place Townhouse Apartmets. 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).

Kercheval Place Townhouse Apartmets. is an apartment community containing 24 rental units. The property contains 57 bedrooms and based on typical apartment occupancy limits, Kercheval Place Townhouse Apartmets. is home to not more than 114 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

Kercheval Place Townhouse Apartmets. contains a mix of 24 assisted two and three bedroom apartments for rent. There are 15 Two Bedroom and 9 Three Bedroom apartments in this property. The unit mix is 63% Two Bedroom and 38% Three Bedroom apartment rentals. The average bedroom size for Kercheval Place Townhouse Apartmets. is 2.38.

Michigan's 14th

Congressional District

24

Total Units

24

Tax Credit Units

Two and Three

Unit Mix

2.38

Average Bedroom Size

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