Martin Gardens
1737 25th St
Detroit, Wayne County, Michigan 48216

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Funding Programs

Martin Gardens 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 HOME.

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. 50 of 50 units at Martin Gardens 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.

HOME Investment Partnership

The property was financed in part with financing through the Federal HOME Investment Partnership Program. 50 of the 50 total units at Martin Gardens are assisted under the HOME program.

Overview

Martin Gardens 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).

Martin Gardens is an apartment community containing 50 rental units. This property serves all family types and disabled persons. The property contains 121 bedrooms and based on typical apartment occupancy limits, Martin Gardens is home to not more than 242 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

Martin Gardens contains a mix of 50 assisted two, three, and four bedroom apartments for rent. There are 31 Two Bedroom, 17 Three Bedroom, and 2 Four Bedroom apartments in this property. The unit mix is 62% Two Bedroom, 34% Three Bedroom, and 4% Four Bedroom apartment rentals. The average bedroom size for Martin Gardens is 2.42.

Michigan's 14th

Congressional District

50

Total Units

50

Tax Credit Units

50

HOME Units

Two, Three, and Four

Unit Mix

2.42

Average Bedroom Size

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