Woodbridge Estates Apartments I
3521 John C Lodge Fwy
Detroit, Wayne County, Michigan 48201

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Funding Programs

Woodbridge Estates Apartments I 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 2004 for $643,802 with a 10 year value of $6,438,020. The property was placed in service in 2006. 44 of 64 units at Woodbridge Estates Apartments I 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. 44 of the 64 total units at Woodbridge Estates Apartments I are assisted under the HOME program. It received $500,000 ($11,364 per unit) in financing through the HOME program.

Overview

Woodbridge Estates Apartments I 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).

Woodbridge Estates Apartments I is an apartment community containing 64 rental units. This property serves all family types. The property contains 116 bedrooms and based on typical apartment occupancy limits, Woodbridge Estates Apartments I is home to not more than 223 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

Woodbridge Estates Apartments I contains a mix of 64 assisted one, two, and three bedroom apartments for rent. There are 18 One Bedroom, 40 Two Bedroom, and 6 Three Bedroom apartments in this property. The unit mix is 28% One Bedroom, 63% Two Bedroom, and 9% Three Bedroom apartment rentals. The average bedroom size for Woodbridge Estates Apartments I is 1.81.

Michigan's 14th

Congressional District

64

Total Units

44

Tax Credit Units

44

HOME Units

One, Two, and Three

Unit Mix

1.81

Average Bedroom Size

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