Richard Allen Courts
1981 Mcnichols
Detroit, Wayne County, Michigan 48212

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Funding Programs

Richard Allen Courts 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 1992. The property was placed in service in 1992. 69 of 69 units at Richard Allen Courts 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

Richard Allen Courts 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).

Richard Allen Courts is an apartment community containing 69 rental units. The property contains 114 bedrooms and based on typical apartment occupancy limits, Richard Allen Courts is home to not more than 213 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

Richard Allen Courts contains a mix of 69 assisted one, two, and three bedroom apartments for rent. There are 30 One Bedroom, 33 Two Bedroom, and 6 Three Bedroom apartments in this property. The unit mix is 43% One Bedroom, 48% Two Bedroom, and 9% Three Bedroom apartment rentals. The average bedroom size for Richard Allen Courts is 1.65.

Michigan's 14th

Congressional District

69

Total Units

69

Tax Credit Units

One, Two, and Three

Unit Mix

1.65

Average Bedroom Size

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