Positive Images
4875 Companyplin St
Detroit, Wayne County, Michigan 48215

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Funding Programs

Positive Images was developed and operates with Federal housing financing. The property utilizes 3 Federal housing programs to make rent affordable to lower income tenants. These programs are Low Income Housing Tax Credit, HOME, and Community Development Block Grant.

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. 32 of 32 units at Positive Images 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. 32 of the 32 total units at Positive Images are assisted under the HOME program.

Community Development Block Grant

The property was financed with partial financing through the Federal Community Development Block Grant Program (CDBG) which provides general funding to local governments to help create affordable housing and economic development opportunities. Positive Images received $0 ($0 per unit) of financing through the CDBG Program.

Overview

Positive Images 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).

Positive Images is an apartment community containing 32 rental units. The property contains 29 bedrooms and based on typical apartment occupancy limits, Positive Images is home to not more than 66 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

Positive Images contains a mix of 32 assisted studio, one, and two bedroom apartments for rent. There are 13 Studio, 9 One Bedroom, and 10 Two Bedroom apartments in this property. The unit mix is 41% Studio, 28% One Bedroom, and 31% Two Bedroom apartment rentals. The average bedroom size for Positive Images is 0.91.

Michigan's 14th

Congressional District

32

Total Units

32

Tax Credit Units

32

CDBG Units

32

HOME Units

Studio, One, and Two

Unit Mix

0.91

Average Bedroom Size

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