This 48-unit apartment community features one and two bedroom floor plans. All units have stove, refrigerator, microwave over the range, dishwasher, garbage disposal, A/C wall unit, full bath w/shower. Central laundry facilities. Heat, water/sewer, snow removal and lawn care provided. Barrier free units available.
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Alpena but actual income limits may differ for units at Pine Meadow.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$25,050||$28,600||$32,200||$35,750||$38,650||$41,500||$44,350||$47,200|
|Low Income (60%)||$30,060||$34,320||$38,640||$42,900||$46,380||$49,800||$53,220||$56,640|
Pine Meadow is managed by Stratford Group, Ltd..