Springwells Partners II
8715 W Vernor Hwy
Detroit, Wayne County, Michigan 48209

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Funding Programs

Springwells Partners Ii 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 2003. The property was placed in service in 2005. 34 of 34 units at Springwells Partners Ii 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. 34 of the 34 total units at Springwells Partners Ii are assisted under the HOME program.

Overview

Springwells Partners Ii 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).

Springwells Partners Ii is an apartment community containing 34 rental units. This property serves all family types and disabled persons. The property contains 58 bedrooms and based on typical apartment occupancy limits, Springwells Partners Ii is home to not more than 108 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

Springwells Partners Ii contains a mix of 34 assisted one, two, and three bedroom apartments for rent. There are 16 One Bedroom, 12 Two Bedroom, and 6 Three Bedroom apartments in this property. The unit mix is 47% One Bedroom, 35% Two Bedroom, and 18% Three Bedroom apartment rentals. The average bedroom size for Springwells Partners Ii is 1.71.

Michigan's 14th

Congressional District

34

Total Units

34

Tax Credit Units

34

HOME Units

One, Two, and Three

Unit Mix

1.71

Average Bedroom Size

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