Parkview Tower
1601 Robert Bradby Dr
Detroit, Wayne County, Michigan 48207

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Funding Programs

Parkview Tower 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

Parkview Tower has a project-based Section 8 contract. 350 of the 592 total units at the property receive Section 8 assistance. This means that 59% 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 May 01, 2014 and the contract expires on April 30, 2034. The Section 8 contract rent is 117.8% 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, $863.00 for Two Bedroom, and $1,148.00 for Three 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

Parkview Tower 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).

Parkview Tower is an apartment community containing 592 rental units. The property contains 746 bedrooms and based on typical apartment occupancy limits, Parkview Tower is home to not more than 1261 persons when fully occupied.

Rent Subsidies

Parkview Tower 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

Parkview Tower contains a mix of 592 assisted one, two, and three bedroom apartments for rent. There are 462 One Bedroom, 106 Two Bedroom, and 24 Three Bedroom apartments in this property. The unit mix is 78% One Bedroom, 18% Two Bedroom, and 4% Three Bedroom apartment rentals. The average bedroom size for Parkview Tower is 1.26.

Michigan's 14th

Congressional District

592

Total Units

592

Project Based Sec. 8 Units

117.8

% of Fair Market Rent

30-Apr-34

Project Based Sec. 8 Contract Expiration

One, Two, and Three

Unit Mix

2.13

Average Bedroom Size

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