San Juan Square Townhomes 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.
11 of 11
units at San Juan Square Townhomes 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.
11 of the 11 total units at San Juan Square Townhomes are assisted under the HOME
San Juan Square Townhomes 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).
San Juan Square Townhomes is an apartment community containing 11 rental units.
This property serves all family types. The property contains 26 bedrooms and based on typical apartment occupancy limits, San Juan Square Townhomes
is home to not more than 52† persons when fully occupied.
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.
San Juan Square Townhomes contains a mix of 11 assisted
two and three bedroom apartments for rent. There are 7 Two Bedroom and 4 Three Bedroom apartments in this property. The unit mix is 64% Two Bedroom and 36% Three Bedroom apartment rentals. The average bedroom size for San Juan Square Townhomes is 2.36.